Technical analysis by Matthew_TradeRFX about Symbol BTC: Buy recommendation (20 hour ago)

BTC/USD – 1H Technical Analysis Market Structure - Bitcoin is clearly trading inside a well-defined horizontal range, bounded by a firm support zone below and a heavy resistance zone above. There is no trend dominance at the moment price is rotating, not expanding. This is a range-controlled market, not a breakout or breakdown phase. Key Zones - Resistance Zone: ~89,800 – 90,300 - Mid-Range Value: ~87,700 – 88,200 - Support Zone: ~85,100 – 85,500 Price has repeatedly: - Rejected from resistance with strong wicks - Found aggressive buying interest at support - Returned back to value without follow-through That behavior confirms liquidity cycling, not directional intent. Price Action Read The latest move is a support bounce, not a trend reversal. - The impulsive drop into support was immediately absorbed - Buyers stepped in, pushing price back into the range - However, upside momentum weakens as price approaches mid-range This suggests the market is resetting positioning, not committing yet. Scenarios Ahead Primary Scenario (Range Continuation): - Short-term pullback into mid-range - Another rotation toward resistance - Final liquidity sweep before a real breakout attempt Breakout Scenario (Confirmation Required): - Clean acceptance above resistance - Holding above the range high - Only then does upside expansion become valid Until that acceptance happens, all upside moves are still range trades. Bottom Line Bitcoin is not bullish or bearish right now. It is forcing traders to choose patience or punishment. The real move begins after the range breaks not inside it.Yesterday’s Result Price respected the support zone ~85,100–85,300. Rebound from support to ~87,800–88,200. Profit achieved: +250 to +300 pips (range trade). Today’s Trend Update BTC remains in a high-liquidity range. Key Resistance: ~90,300–90,600 Key Support: ~85,100–85,300 Current Bias Short-term bullish recovery inside range. Expect pullback → continuation up if support holds. Scenarios Bullish: Hold above ~87,500 → retest 90,300–90,600. Bearish: Rejection at resistance → move back toward 85,300. Conclusion Market is still range-bound. Best strategy: buy support, sell resistance until a clear breakout.