Technical analysis by Nova-Scalper about Symbol BTC: Buy recommendation (11/10/2025)

BTC/USD Technical Analysis – Clear and Simple Explanation for Clients Bitcoin is currently trading around 106,000, showing a short-term bullish correction within a larger downtrend channel. The overall market structure remains bearish, but the current upward move is a retracement toward a strong resistance zone. 🔹 Key Resistance Zone: 109,500 – 111,000 This area combines several important confluences: The downtrend line from previous highs. The Fibonacci 0.382–0.5 retracement zone of the last bearish swing. The EMA 200 (red line), which has acted as a strong dynamic resistance before. Once the price reaches this zone, there is a high chance of a bearish rejection, as sellers will likely take control again. 🔹 Main Scenario: Short-term: Price may continue rising toward 109,000–111,000. Medium-term: If rejection occurs, we expect a new downward move targeting the next key support around 95,000–94,800 (Fibonacci 1.618 extension + previous demand zone). Long-term: This support could become a strong buy zone for a potential trend reversal. 📊 Summary for Clients: Current trend: Bearish channel, short-term pullback. Resistance zone: 109,500–111,000 (possible sell area). Support zone: 95,000–94,800 (potential buy area). Outlook: Expect short-term rise, then possible drop before a bigger rebound. 👉 In simple terms: Bitcoin is making a temporary recovery, but the main downtrend is not over yet. Watch for a sell reaction around 109k–111k, and a possible strong bounce from 95k support later.