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

Bitcoin has recently reacted from a clear demand zone around 105,700, an area where price previously showed signs of strong buying interest. This zone represents a discount region within the current market structure, where smart money participants often look to accumulate positions before a potential expansion to the upside. Price is currently maintaining a bullish order flow, forming higher lows and respecting the demand base. As long as the structure remains intact above 104,500, the bias stays bullish. This level acts as the protective invalidation point, since a break below it could indicate a shift in market sentiment or a deeper mitigation. The next liquidity pool and target area lie around 108,000, where previous equal highs and resting liquidity are positioned. If price continues to respect the demand zone and pushes through minor internal liquidity, a move toward 108k becomes likely as smart money seeks to fill that imbalance. In summary, Bitcoin is showing signs of accumulation at discount, with potential for a continuation move toward 108,000, as long as 104,500 holds as structural support.