Technical analysis by Zickey_11 about Symbol BTC: Buy recommendation (10/27/2025)

Technical Analysis (3H Chart) 1. Market Structure: The chart shows a clear uptrend phase earlier, followed by a corrective pullback. Recently, Bitcoin has formed a Change of Character (CHoCH), indicating a potential shift back to bullish momentum after the correction. Price has broken key resistance around $114,500–$115,800, confirming short-term bullish strength. 2. Key Zones: Support Zone: $110,000–$112,000 (previous consolidation area; strong liquidity zone). Resistance / Target Zone: $120,000–$121,000 (major supply area & top of descending channel). 3. Current Price Action: BTC is currently testing the CHoCH breakout area (~$115,000–$116,000). A minor pullback (retest) toward the breakout level is expected before another bullish leg begins. The “eye” symbol suggests monitoring this retest for a long entry confirmation. 4. Target Projection: If the breakout retest holds, the next target lies near $120,500, aligning with previous highs and upper trendline resistance. 5. Technical Outlook: ✅ Bias: Bullish (short to medium term) 📈 Entry Zone: $114,800–$115,500 (retest zone) 🎯 Target: $120,000–$121,000 🛑 Invalidation: Below $113,000 (structure break)