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Technical analysis by pejman_zwin about Symbol BTC: Buy recommendation (6/5/2025)

https://sahmeto.com/message/3581814
pejman_zwin
pejman_zwin
Rank: 2912
2.1
Buy،Technical،pejman_zwin

Bitcoin(BTCUSDT) has finally continued its downward trend, as I expected in my previous idea. Do you think this downward trend will continue or not?Bitcoin has now managed to break the Support zone($104,180-$103,670) and the lower line of the Ascending Broadening Wedge Pattern.In terms of Elliott Wave theory, Bitcoin appears to be completing microwave C of the main wave Y of the Double Three Correction(WXY).I expect Bitcoin to continue to decline to the Support zone($102,000-$107,120) and the Potential Reversal Zone(PRZ)[$102,000-$101,430] and then start to rise again. I choose to label this idea as ''Long''. Note: If Bitcoin falls below $100,200, we should expect further declines.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.The short position hit the target, and the long position is currently in progress.The long position was activated in the Potential Reversal Zone(PRZ)[$102,000-$101,430].Long position = Target Done

Translated from: English
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Signal Type: Buy
Time Frame:
1 hour
Profit Target:
$107,120
Stop Loss Price
$100,200
Price at Publish Time:
$103,234.3
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