Technical analysis by lakhemvuyana about Symbol BTC: Buy recommendation (18 hour ago)

Market Context BTC is in a macro bearish trend, but currently forming a bullish corrective structure from a strong demand zone. Price reacted from a key support base (≈ 84,500 – 85,300), suggesting smart money accumulation. Wave Structure Wave (1): Impulsive move up from demand, showing strength. Wave (2): Corrective pullback into the demand zone (support held). Wave (3): Expected strong expansion toward 104,000 – 105,000 (previous structure resistance). Wave (4): Healthy pullback / consolidation. Wave (5): Final expansion into 108,000 – 110,000 supply zone. Key Levels Major Support: 84,500 – 85,300 Invalidation: Below 83,300 (structure break) Mid Resistance: 91,900 – 92,000 Target 1: 104,000 – 105,000 Target 2 (Supply): 108,000 – 110,000 Bias ✅ Bullish while above demand ❌ Bearish if support fails below 83,300 Trade Idea Buy on pullbacks holding above demand Partial profits at 91,900 and 104,000 Final TP at supply zone Confirmation Look for bullish candles + momentum continuation on 4H Momentum should expand during Wave (3)