Technical analysis by pejman_zwin about Symbol BTC: Sell recommendation (5/13/2025)

As I expected in yesterday's idea, Bitcoin(BTCUSDT) started to rise from near the Support line and hit the Target.Bitcoin is trading near the Potential Reversal Zone(PRZ)[$103,130-$101,430], the upper line of the ascending channel(minor) , and the Resistance line.In terms of Elliott Wave theory, it seems that Bitcoin has successfully completed the microwave B of the main wave 4 in the ascending channel(minor). A break of the lower line of the ascending channel(minor) could be a sign of the completion of this wave. The corrective structure of the main wave 4 so far could be a Zigzag(ABC/5-3-5).I expect Bitcoin to drop to at least $100,923 AFTER breaking the lower line of the ascending channel(minor) and breaking the Support line, the next target could be the lower line of the ascending channel(major).Cumulative Short Liquidation Leverage: $106,943-$105,913Cumulative Short Liquidation Leverage: $105,525-$104,500Cumulative Long Liquidation Leverage: $100,763-$99,774Note: If Bitcoin goes above $105,300, we can expect more pumps.Note: If Bitcoin touches $99,400, we should expect further 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.The important price is $104,000 The first target could be: $101,223 for a short position.Target DoneFor me, a short position was enough, although Bitcoin might go lower.