Technical analysis by TheSignalyst about Symbol BTC: Buy recommendation (23 hour ago)

TheSignalyst

BTC has been trading inside a clean ascending channel 📈, respecting both support and resistance. After breaking above the $113,000 structure zone, price pushed higher but is now approaching a potential retest area. 🟠 Structure zone ($113K – $114K): Could act as support on a pullback. 🟢 Channel support: Aligns perfectly with structure for confluence. 🔵 Supply zone ($122K – $124K): Next major resistance where sellers may step in. As long as BTC holds above structure, bulls 🐂 remain in control, with the next upside target sitting around the supply zone. Patience ⏳ is key — waiting for a clean retest could set up the next continuation trade. ⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly. 📚 Stick to your trading plan regarding entry, risk, and management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr