Technical analysis by Moriss365 about Symbol BTC: Buy recommendation (1/7/2026)

Market Structure Overall bias: Bullish continuation Price formed a strong accumulation base inside the red demand zone (≈ 86,500–89,000). A clean breakout from the range led to a rising price channel, confirming trend strength. Current move is a healthy pullback, not a breakdown. 🔑 Key Zones & Levels 🟥 Demand / Support Zone Major demand: 86,500 – 89,000 This zone acted as: Accumulation Breakout base Strong institutional demand area As long as price holds above ~89K, bullish structure remains intact. 🔄 Pullback Area Current price retraced from the channel high (~94–95K). Pullback is corrective, forming potential higher low. Ideal reaction zone: 90,000 – 92,000 ⬆️ Resistance / Target Primary target: 95,000 – 95,200 Previous high Marked “TARGET POINT” on your chart Break and hold above this level → opens room for 97K+ 🎯 Trade Scenario (Based on Your Setup) Bullish Scenario (Primary Bias) Price respects 90K–89K Bullish confirmation (strong 4H close, rejection wick, higher low) Continuation toward 95K Bearish Scenario (Invalidation) Clean break and 4H close below 86,500 Would indicate: Failed breakout Deeper correction toward 83K–84K 📊 Price Action Insights Higher highs & higher lows remain intact. No strong bearish engulfing or distribution signals. Volume expansion on breakout supports continuation bias. 🧠 Summary Trend: Bullish Phase: Pullback after breakout Key decision zone: 89K–90K Upside target: 95K+ Bias: Buy pullbacks while above demand