Technical analysis by SivaArjun about Symbol BTC: Buy recommendation (3 hour ago)

Strategy: Bollinger Breakout (Fallback) Market Bias: Cautiously Bullish Trade Rationale: Bitcoin (BTC/USD) remains in a consolidation zone but shows signs of renewed bullish momentum after defending key support near the daily pivot. Although the automated system fallback triggered under the Bollinger Breakout framework, the overall setup suggests the potential for a continuation higher as volatility rebuilds and traders reposition ahead of upcoming macro catalysts. Price action is stabilizing around the mid-Bollinger band, hinting at accumulation before a potential upside expansion. Market sentiment remains constructive despite recent profit-taking, supported by easing U.S. Treasury yields and improving risk appetite across digital assets. Technical Overview: RSI (14): 50.0 – Neutral; potential to rise into bullish territory above 55. MACD: Flat, signaling a possible crossover if momentum increases. Volatility: Moderate but building – indicative of a near-term directional move. Trend Structure: Higher low formation suggests accumulation above 103,600 zone. Trade Parameters: Entry: 105,746.65 Stop Loss: 103,630.27 Take Profit: 108,921.21 Target Summary: The primary target lies at 108,900, coinciding with the upper Bollinger boundary and a prior intraday resistance zone. A decisive breakout above this level could extend the rally toward 110,500–111,200, confirming renewed bullish control. Conversely, failure to hold above 103,600 would neutralize the setup and expose BTC/USD to a corrective pullback toward the 101,500–100,800 range.