Technical analysis by DOCTOR_PIPS05 about Symbol BTC: Buy recommendation (11/2/2025)

Price: Around $110,600, trading within an upward ascending channel (marked in blue). Support zone: The pink box roughly around $104,000–106,000, showing a strong demand area or previous accumulation zone. Current structure: The recent bounce from that pink zone suggests a potential higher low, possibly starting a new upward leg. Resistance zones: Near-term resistance: Around $115,000–115,600, where you’ve drawn a mid-channel horizontal blue zone — this might act as the first test area. Major target/resistance: Around $122,000–124,000, at the upper channel line — likely your final upside target. Your projected path shows a bullish wave structure, expecting BTC to retest $115K, consolidate, and then continue toward $122K. In short: ✅ Bullish bias while above $106K support. ⚠️ Watch reaction near $115K — rejection there could cause a short-term pullback before continuation. 📈 Break and hold above $115.6K would confirm momentum toward the $122K channel top.