Technical analysis by MrStellanSight about Symbol BTC: Buy recommendation (2 hour ago)

1. Target Level Identified: The projected target is marked around 108,004.11 USD. This level aligns with a previous major resistance zone, where price previously rejected and reversed. 2. Structure Confirmation: The chart shows multiple BOS (Break of Structure) points forming a bullish structure. As long as price respects the support area, the bullish continuation remains valid. 3. Measured Move Projection: The vertical measurement from the earlier upward impulse (≈ 3,799.27 points) is used to project the next possible upward move. This measurement aligns almost perfectly with the target zone, giving high confluence. 4. Risk-to-Reward Perspective: From the support zone around ~103,900, the target at 108,004 offers a favorable RR ratio. Price is at a discount relative to the projected expansion. 5. Resistance Reaction Expectation: Once price reaches the target zone: Expect potential rejection or consolidation. It's a high-probability take-profit area for short-term trades. --- ✅ Summary The target of 108,004.11 USD is supported by: Previous resistance Structural projection Measured bullish impulse Rejection history at that level This makes it a high-confluence bullish target zone. BTCUSDT ETHUSDT SUSDT SOLUSDT XRPUSDT SPXUSDT ZECUSDT ARRRUSDT RAILUSDT ICPUSDT