Technical analysis by Mentor_Michael03 about Symbol BTC: Buy recommendation (11/1/2025)

Bitcoin is currently consolidating around the pivotal 110,000 level. Price action and smart money concepts presented in this chart highlight a critical decision point for traders—here’s what the structure tells us: Key Scenarios: 1. Direct Rally to Target If bulls hold 110k and momentum strengthens, expect a clean breakout toward the 115,000 resistance/target zone. Price has shown ability to rally from major support zones, and if buyers manage to absorb supply here, this leg can accelerate quickly as shorts get squeezed and trend-followers pile in. Volume confirmation and strong bullish candle close above 110k will be main signals for entry, with next stop at 115k. 2. Support Bounce Setup If 110k fails and price dips, attention shifts to the well-established support near 104,000. This lower demand zone has triggered bullish reversals before—look for sharp volume spikes or reversal candlestick patterns. When confirmation appears at support, traders should be ready to go long and ride momentum back to the target at 115k. Technical Strengths: Multiple break-of-structure (BOS) and change-of-character (CHOCH) labels mark recent turning points, showing where trend strength can shift rapidly. Smart money demand at 104k is well defined, giving asymmetric risk/reward for buyers. Price has stayed above weak lows and formed higher lows since last major dip—trend bias remains bullish unless those supports are broken. Execution Advice: Monitor 110k for breakout and volume surge; if rejected, set bids at 104k and wait for confirmation. Both strategies offer strong upside potential—the key is trading confirmation, not prediction. This dual-scenario map is exactly what institutional and active traders use to preserve profits and target breakouts with precision.