Technical analysis by pejman_zwin about Symbol BTC: Sell recommendation (5/21/2025)

Bitcoin(BTCUSDT) moved towards the targets as I expected in my previous idea, although it faced pump and dump moves in reaching the targets.Bitcoin managed to create a new New All-Time High(ATH=$109,845) but immediately began to decline on high volume.Bitcoin is trading in the Resistance zone($109,588-$105,860) and near the Resistance lines, Monthly Resistance(2).In terms of Elliott Wave theory, Bitcoin was able to complete main wave 5. I expect Bitcoin to fall to at least $102,200 AFTER breaking the Support zone($105,100-$104,140), and the possibility of further declines is very high.Also, on the 1-hour timeframe of the USDT.D%(USDT.D) chart, a bullish and regressive Falling Wedge pattern is visible, with its upper line broken.Do you think Bitcoin can finally create a NEW All-Time High(ATH) Again!?Note: If Bitcoin touches $110,100, we should expect a pump.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.One of the reasons for Bitcoin's fall was the sudden fall of the S&P500 index.Given Bitcoin's position, the short position seemed reasonable to me, even though the Stop Loss(SL) was hit.