Technical analysis by MR_gold2 about Symbol BTC: Buy recommendation (12/5/2025)

1) The general trend •The current trend is a corrective rise within a major descending channel. •The previous channel hack was a false hack and was retested. •The price is retesting important support and demand areas. 2) Elliott Wave analysis •Bitcoin is moving within a corrective ABC pattern. •We are at the end of wave B. •The ascending wave C needs a drop to 87,500 – 86,500 to start the real takeoff. 3) Time Cycles analysis •A time cycle repeats every 7–9 days between lows. •The last low was 6 days ago → The market is very close to a time reversal zone. 4) Digital analysis •Important psychological support: 90,000 •Main wave support: 87,500 •Strong firewall: 86,500 – 86,000 5) Fundamental analysis •Markets await US inflation data. •The dollar is volatile, and liquidity is low. •The general trend of Bitcoin is sideways, waiting for a major event. •Any decline towards demand areas is considered a buying opportunity, not a selling opportunity. 6) Price Action •Strong rejection candles appear at 90,500. •Small double top at 93,000 → short resistance. •Sellers' momentum is weak, which suggests an upward rebound after visiting a buying zone. 7) Supports and resistances Supports •90,500 requests + FVG •89,700 structural support •87,800 – 86,500 major support + wave end Resistors •93,500 – 94,200 main show •98,000 – 100,000 major reversal zones 8) Supply and demand zones Demand areas •90,500 – 89,700 •88,000 – 86,500 (strongest) Display areas •93,500 – 94,200 •98,000 – 100,000 9) Harmonic models •There is a possibility of a bullish BUTTERFLY pattern forming •His goal reaches: 97,000 – 100,000 •It requires touching the area 86,500 – 87,500 to complete point D. 10) Pivot point 91,900 – 92,200 •Above it → rise • Below it → decline towards good buying areas 🎯 Approved recommendations Note: We are still inside a bearish buy channel with a stop and caution 🔸 First purchase deal (safe and close to the price) •Entry: 90,500 •Stop loss: 89,300 •Target 1: 92,800 •Goal 2: 94,200 •Goal 3: 98,000 🔸Strong Buy (Best Area) •Entry: 88,000 – 86,500 •Stop loss: 85,500 •Goal: 97,000 – 100,000 Important note We do not provide you with financial and investment advice Rather, we provide you with scientific and educational content You are the only person responsible for pressing the buy and sell button Analyst Engineer Ihab Sayed Al-Dhahab Telegram channel