Technical analysis by dRends35 about Symbol BTC: Buy recommendation (11/3/2025)

Yet another Sunday slump back down to $107K area. It has printed several lower wicks in this area - signalling buy pressure. If another lower wick prints again then this bearish action can be considered likely to be short term noise. But at this point, if price lingers around $107K and lower - that would be quite a dangerous look; threatening continuation down. But as long as that area is defended then all is fine. Notice how all these short term recoveries / slumps have been weaving through the demand trendline from the September lows. The bots have been playing liquidity games through the trendline - and at some point a decision is coming for the area. Due to the ultra high volatility already released in the October 10th smackdown, I favour some sort of bullish recovery - and this area to be some sort of Wyckoff accumulation. But there could be more tease and it could make a lower low to really dangle the bullish case in the fire. ... It will be interesting to see how this little area plays out - and its quite a crossroads: If we get another lower wick then the picture quickly becomes quite a bullish look. But any continuation down could see recovery post liquidity sweeping below the lows, but looking dangerous. For the bearish case, if it does become continuation down then the next wave should be even more impulsive than the October 10th smackdown and would signal bear market underway. But I do think think a recovery is more likely as BTC sits a little below $108K. There is also the psychological aspect and that this market is full of calendar traders like no market ever before. Everyone seems to know about the cycles and how on the 4th year - October / November must see the shift from bull to bear. Almost always; the herd are wrong... So this would be a good moment for a calendar change up 🤨. This analysis is shared for educational purposes only and does not constitute financial advice. Please conduct your own research before making any trading decisions.