Technical analysis by VisionaryInsights about Symbol BTC: Buy recommendation (11 hour ago)

After a strong sell-off, BTC has found support near the lower green volatility band, showing signs of stabilization. Candles are forming a short-term base while momentum begins to recover. 🔹 Bullish Confluences Oversold Reversal Zone — Price bounced from the lower Bollinger/Keltner confluence, a common reversion area. Fibonacci Confluence — Local retracement aligns with the 0.382–0.5 zone, a typical recovery area within a downtrend. Bullish Structure Potential — Higher low attempt forming; short-term resistance aligns with the mid-band (EMA cluster). 📈 Fibonacci Upside Targets Measured from the recent swing high to the swing low: Target 1: 0.382 → $113,700 — first resistance / partial take-profit zone. Target 2: 0.618 → $115,000–115,650 — stronger resistance, aligns with mid-band cluster. Target 3: 1.000 → $118,500 — full retracement zone & possible bullish breakout confirmation. ⚠️ Invalidation A 4H close below $112,000 would invalidate the bullish setup and reopen downside continuation risk toward $110,500.