Technical analysis by Timpariyet about Symbol BTC on 6/3/2025

The harmonic structure I show in the graph is not a known harmonic, let's call it an extended Shark to its name. This structure has been quite regular in terms of both volume and FIB values. As you know, like most harmonic structures, the target of this (if it will work) is the level of 0.312, 0.5 or 0.618 of the FIB, which is taken between points C and D. I showed them with cut lines in the graph. If the price comes to these levels, it will receive one up reaction at each level, but the reaction becomes weak and if it remains free, it is possible that it will go to a below FIB level. In this way, I want to draw attention to the level of Fib0.618 because this level is both 50 %of the FVG formed in the weekly time period, as well as the beginning of the Order Block in the weekly slice. As most analysts know; When a FVG and OB are together, they are very likely to have a magnet effect at the price. In addition, the main rising trend that I showed with the black line in the graph has been broken, which is a negative situation.