Technical analysis by Cipher_SMC about Symbol BTC: Buy recommendation (5/31/2025)

BTC is now at the Extreme Demand Zone on the M15 timeframe and is forming an ICT Drive Pattern. We are currently waiting for a bullish CHoCH (Change of Character) or MSS (Market Structure Shift) to confirm a bullish trend. The decline from 111,968.0 to 102,992.0 represents a pullback following the Daily Break of Structure (BOS), where the market is also hunting the final long positions, contributing to a correction. We are waiting for confirmation before opening a long position. On the other hand, when the price created a bearish CHoCH/MSS at 110,218.4 and then pulls back to that level again, I should open a short position. https://www.tradingview.com/chart/BTCUSDT.P/EX0B2Gqz-BTC-Analysis/Bullish MSS/CHoCH