Technical analysis by SMC-Trading-Point about Symbol BTC: Buy recommendation (10/26/2025)

SMC Trading point update --- BTC/USDT – Bullish Breakout Setup (4H Chart) Technical Overview: Instrument: Bitcoin / Tether (BTC/USDT) Timeframe: 4-Hour Current Price: $113,683 Next Target: $119,865 Market Bias: Bullish Continuation --- Chart Breakdown: 1. Descending Channel Breakout: Bitcoin has broken out from a descending channel (black lines), confirming a trend reversal from bearish to bullish momentum. 2. EMA Structure (Bullish Crossover): 50 EMA (Blue) has crossed above the 200 EMA (Black) — a strong bullish signal suggesting momentum shift toward buyers. The crossover zone (yellow highlight) acts as a retest area and potential new support. 3. Fibonacci Retracement Levels: The retracement from the recent swing high shows key reaction zones: 0.5 – 0.62 levels served as accumulation zones. The next target zone lies near the 0.79 Fibonacci level (~$119,865), aligning with the highlighted resistance block. 4. Structure Projection: After retesting the breakout point, BTC is likely to form higher highs and higher lows, continuing its upward trajectory toward the next major resistance zone. --- Trade Idea: Buy Zone (Reentry): Around $112,800 – $113,000 (retest area) Target 1: $116,000 Target 2: $119,865 (main target zone) Stop Loss: Below $110,500 --- Market Bias: Bullish Bias – The breakout from the descending structure, bullish EMA crossover, and strong Fibonacci confluence indicate potential continuation toward the $119K region before possible profit-taking. Please support boost 🚀 this analysis