Technical analysis by pejman_zwin about Symbol BTC: Buy recommendation (5/12/2025)

Bitcoin(BTCUSDT) pumped about +2% after the "The United States has dropped its tariffs on Chinese goods to 30%, down from a brutal 145%, while China is slashing its own duties on US imports to just 10%, temporarily, for the next 90 days." news, but then started to decline again. Do you think Bitcoin can see the new All-Time High(ATH)?Bitcoin is moving near the Support zone($102,200-$101,680) and Support line.In terms of Elliott wave theory, Bitcoin appears to have completed microwave 3 of the main wave 5 and is currently completing microwave 4 of the main wave 5.Given the momentum of the decline a few hours ago, I expect Bitcoin to either touch the previous low or create a new low in the 1-hour timeframe.I expect Bitcoin to attack the Support zone($102,200-$101,680) once again and possibly touch the Support line and then attack towards the Resistance zone($109,588-$105,865) with the two scenarios I outlined on the chart.Cumulative Short Liquidation Leverage: $106,943-$105,913Cumulative Short Liquidation Leverage: $105,313-$104,787Cumulative Long Liquidation Leverage: $102,198-$101,697Note: If Bitcoin can move above $104,500 without correction, we can expect more pumping.Note: If Bitcoin falls below $101,500, we can expect more declines.Please respect each other's ideas and express them politely if you agree or disagree.Bitcoin Analyze (BTCUSDT), 1-hour time frame.Be sure to follow the updated ideas.Do not forget to put a Stop loss for your positions (For every position you want to open).Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.Trade was activated in Cumulative Long Liquidation Leverage: $102,198-$101,697Target Done