Saaeel

$BTC
{spot}(BTCUSDT)

{future}(BTCUSDT)
This analysis focuses on the BTC/USD pair in the Daily Timeframe. This trading idea suggests a potential Long Position (Buy) based primarily on the formation of the Broadening Wedge chart pattern (also known as the Megaphone Pattern).

Technical Analysis Based on Broadening Wedge Pattern: The chart shows the formation of a pattern characterized by Lower Lows (green arrows) and Lower Highs (red arrows) sloping downwards, but the distance between them is widening, not narrowing. This is a variant of the Broadening Wedge pattern that slopes down, often classified as a bearish continuation pattern or a highly aggressive bullish reversal pattern when the price nears the lower boundary. In this context, with the price bouncing off the lower boundary, the pattern is interpreted as a potential bullish reversal.

Entry: The Long signal is based on two scenarios: Taking a position when the price touches the dynamic support of the lower wedge boundary (seen around the $96,000 - $100,000 level), where the latest bounce is occurring.

Take Profit (TP): The profit target has been precisely set at $129,000. This level is a resistance projection formed by the extension of the broader Broadening Wedge's upper trendline, indicating a potential rise of 29.07% from the current price. This level also serves as a test point to determine whether the price can break through and continue the long-term bullish uptrend or will retest that resistance.

Timeframe: This analysis is based on the Daily chart. The movement towards the target is projected to take about 57 days (57 bars), with the estimated time of target achievement around December 31, 2025. This suggests that this trading idea falls into the Medium-Term Swing Trade category.

Stop Loss (SL): To limit risk, the Stop Loss (SL) should be placed below the lower boundary of the Broadening Wedge pattern, which is considered crucial support. A safe SL placement is around the psychological level of $90,000 - $85,000 to invalidate the entire bullish idea if the wedge pattern is definitively broken downwards, signaling a deeper continuation of the bearish trend.

The current interpretation is a potential bullish reversal from the lower boundary of the pattern. Further confirmation will come from price action that manages to create a Higher Low on the retest of the dynamic support area, and strong buying volume upon a breakout from the upper trendline, validating the $129,000 target as a realistic Take Profit.

** Disclaimer: This analysis is part of a trading plan and does not constitute investment advice. Always use strict risk management and consider the potential for loss in every trading decision.**