Technical analysis by NextElliott about Symbol BTC: Buy recommendation (5/2/2025)

📈 BTCUSD Chart Analysis & Trade PlanInstrument: BTCUSDTrade Setup: LongEntry Price: $96,900Take Profit (TP): $103,500Stop Loss (SL): $93,830Risk-Reward Ratio (RRR): 2.15Timeframe Observed: 4H / DailyTime Horizon: 2–4 daysStrategy Type: Trend Continuation🔍 Technical OverviewTrend: BTCUSD is exhibiting a bullish continuation pattern, forming higher lows and higher highs on both 4H and Daily charts.Support Levels:Primary: $96,500–$96,900 (current entry zone, previous breakout retest zone)Secondary: $94,800 (key horizontal + Fibonacci retracement support)Resistance Levels:Short-term: $100,800Medium-term: $103,500 (aligned with Gann and Elliott targets)🌀 Elliott Wave AnalysisPrimary Wave Count (4H chart):BTCUSD appears to be in Wave 3 of (3) of a bullish impulse cycle.Wave (2) retracement completed near $96,000 with a sharp ABC correction.Wave (3) projection gives a Fibonacci extension target:100% of Wave 1 = ~$103,500 — aligning with our TP zone.Subwaves inside Wave 3:Wave i and ii completed.Currently progressing through Wave iii — often the strongest, highest momentum wave.Implication: If Wave iii holds, BTCUSD could accelerate toward $103,500 within the next 48–72 hours.📐 W.D. Gann AnalysisGann Fan (drawn from $60,000 low):Price has reclaimed the 1x1 line (balance of time and price) around $96,000.Next resistance lies near the 1x2 Gann angle at ~$103,300–$103,500.Gann Square of 9 levels:$96,800 is a key Gann pivot price.The next natural harmonic level on the Square of 9 lies at $103,500, affirming this zone as a major Gann target.Implication: Gann time/price analysis supports a rally to $103,500 before the next cycle pause.📝 Trade Plan SummaryParameterValueEntry$96,900Take Profit$103,500Stop Loss$93,830RRR2.15Timeframe2–4 DaysJustification:Entry aligns with Elliott Wave corrective low (Wave 2).Gann angle breakout confirms time/price balance in favor of bulls.Confluence of Fibonacci projections, harmonic levels, and structural support.⚠️ Risk NotesIf BTCUSD fails to hold above the $96,500–$96,000 zone, reevaluation is needed.Global macro factors and ETF flows should be monitored, as they could cause volatility.Adjust your Stop loss if you want or if market demand... Happy Trading!Just try your best to survive from Stop Hunt...📌 Note on Dynamic Market ConditionsDear Traders,As many of you are aware, the cryptocurrency market — particularly BTCUSD — is inherently dynamic and ever-evolving. Price action is influenced by a wide range of factors, including liquidity shifts, macroeconomic data, order book behavior, institutional flows, and evolving sentiment. Therefore, it's essential to understand that no analysis or trade plan is set in stone.While I provide a well-reasoned trade setup with clearly defined entries, stop loss, and take profit levels based on current market structure, these parameters are not static. Instead, they are subject to refinement in response to real-time developments.🔄 Why Adjustments Happen:Volatility Expansion: Increased volatility may warrant a wider stop loss or an extended profit target.Structure Shifts: If market structure (e.g., support/resistance or trendline integrity) changes, I recalibrate key levels accordingly.News Events: Unexpected macroeconomic or geopolitical events can invalidate a previous outlook.Confirmation Logic: Sometimes I wait for candlestick confirmations or trend continuations to adjust SL/TP zones for better probability setups.🛠️ Adaptive Risk ManagementAdjusting stop loss and take profit is not a sign of weakness or inconsistency — it's a sign of strategic adaptability. Preserving capital and capturing optimal reward-to-risk scenarios requires an active approach. I always prioritize:Minimizing drawdownMaximizing favorable risk-reward opportunitiesResponding in sync with current momentum and market psychologyRest assured, every modification I make is grounded in objective market behavior, not emotional reaction. All updates are transparently communicated to help you understand the evolving rationale.Stay flexible. Stay informed. Stay profitable.— NextElliottExpecting price reversal for Btc soon.. After few hours. Present price 93800Target 103500 achieved ...