Technical analysis by pejman_zwin about Symbol BTC: Buy recommendation (5/15/2025)

Bitcoin(BTCUSDT) made the correction I expected, as I predicted in my previous idea.Bitcoin is trading in the Resistance zone($103,320-$102,600) and near the Resistance lines. Given the momentum of the previous hour's candle and the fact that the previous three candles together formed a Morning Star Candlestick Reversal pattern, it is expected that the Resistance lines will be broken soon.In terms of Elliott Wave theory, it looks like Bitcoin has completed the main wave 4 as I expected with a Zigzag Correction(ABC/5-3-5). A break of the Resistance lines by Bitcoin could confirm the end of the main wave 4.Also, given Bitcoin's higher correlation with the S&P500 Index(SPX) and the fact that I expect the S&P500 Index to increase, the increase in the S&P500 Index could help Bitcoin increase further.I expect Bitcoin to break the Resistance zone($103,320-$102,600) and Resistance lines soon and attack towards the Resistance zone($105,100-$104,520).Cumulative Long Liquidation Leverage: $101,360-$100,600Note: If Bitcoin falls below $101,280, 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.Trade was activated after a pullback to Resistance zone($103,320-$102,600)Target DoneBoth the Short and Long positions were on target.