Technical analysis by MB2020MB2020 about Symbol BTC: Buy recommendation (6/1/2025)

The BTCUSDT 45-minute chart presents a promising setup for a buy position. A significant downtrend line has been broken, followed by a successful retest, suggesting a potential trend reversal. The Ichimoku Cloud reinforces this bullish outlook, with the price breaking above the cloud, indicating strengthening momentum. Additionally, the chart features a clear Wave N formation, a key pattern in wave theory, which further supports the bullish bias. This combination of a trendline break with retest, Ichimoku confirmation, and Wave N structure provides a solid foundation for considering a buy position.If you liked this analysis, hit the BOOST !N and V waves were formed and their respective targets were touched. You can continue to wait for target E to be touched or close your trades manually.If you liked this analysis, hit the BOOST !Target E was touched and the price can continue to move towards the next targets. But we exit the trade at this point and close our positionIf you liked this analysis, hit the BOOST !