Technical analysis by pejman_zwin about Symbol BTC: Sell recommendation (6/2/2025)

Bitcoin(BTCUSDT) started to fall as I expected in the previous idea, but failed to break the Heavy Resistance zone($110,000-$105,820).Bitcoin is trading near the Resistance zone($107,520-$105,940), Cumulative Short Liquidation Leverage($106,720-$105,948), and the Resistance lines.From the perspective of Elliott Wave theory, Bitcoin appears to have completed a main wave 4 near the Resistance lines. The structure of the main wave 4 was a Double Three Correction(WXY). One of the signs of the completion of the main wave 4 could be the Evening Star Candlestick Pattern.I expect Bitcoin to decline to at least Cumulative Long Liquidation Leverage($103,666-$102,800) AFTER breaking the Support line, and the next target is the Support zone($102,000-$107,120).Note: Rising tensions between Russia and Ukraine could help drive down Bitcoin.Note: If Bitcoin touches $107,600, we can expect more pumps.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.Since Bitcoin did not reach $106,680, I am still short position, and this price can be used as a stop-loss for the short position.The updated analysis is indicated on the chart.Cumulative Short Liquidation Leverage($107,302-$106,487)Cumulative Long Liquidation Leverage($103,389-$102,800)Cumulative Long Liquidation Leverage($102,247-$101,840)you can set your Stop loss = $107,003Stop loss position at 105,343 USDT = Risk-FreeRisk-Free was touched