Technical analysis by SeoVereign about Symbol BTC on 5/23/2025

We are the SeoVereign Trading Team.With sharp insight and precise analysis, we regularly share trading ideas on Bitcoin and other major assets—always guided by structure, sentiment, and momentum.🔔 Follow us to never miss a market update.Serverin Team's Upcoming Trading Strategy – Full DisclosureHello, this is Serverin, operator of the Serverin Team.After Bitcoin surpassed its all-time high of $112,000, it has experienced a decline of approximately 4% as of May 24, 2025.The primary cause of this downturn is believed to be the global market risk triggered by President Trump's announcement of a 50% tariff on Europe.Technical AnalysisLet’s begin with the technical analysis.As shown in the following chart, a Shark pattern has formed within the harmonic pattern framework, and the Potential Reversal Zone (PRZ) is confirmed at a 1:1 extension level.Additionally, since Bitcoin decisively broke through its previous all-time high of $109,700, a short-term correction in this zone is a likely scenario.Due to the highly volatile nature of cryptocurrencies, it is common for prices to revisit and consolidate around previous highs after a breakout.We believe the current price action reflects this typical behavior.Key Factors Behind the Current DeclinePsychological correction following the breakout of previous highsTechnical confirmation of the Shark patternPresident Trump's announcement of European tariffsFuture Trading StrategyThe Serverin Team still maintains a bullish outlook on Bitcoin.This view remains consistent with the idea posted on May 18.Accordingly, we are holding significant long positions in both Bitcoin and major altcoins.If a deeper correction occurs, we plan to increase our positions. Conversely, if the price resumes its upward movement, we will continue to add to our longs.However, if Bitcoin forms a top around $112,500 and begins to reverse, we are prepared to gradually exit the market.For trend reversal confirmation, we rely on the Fibonacci 1.414 extension level.This level is approximately at the $59,000 range for Bitcoin.Scenario OverviewWe are currently focusing on the green and blue scenarios.Should either of these play out, we will continue to aggressively increase our exposure.On the other hand, if the market follows the red scenario and shifts into a downtrend,we will start reducing our positions with stop-losses, using the $59,000 level as our reference.That concludes the Serverin Team’s trading strategy briefing.Thank you.