Technical analysis by pejman_zwin about Symbol BTC: Buy recommendation (6/11/2025)

pejman_zwin

Just Released: Key U.S. Inflation Data:Core CPI m/m: 0.1% (vs. 0.3% forecast)CPI m/m: 0.1% (vs. 0.2% forecast)CPI y/y: 2.4% (vs. 2.5% forecast)Market Reaction & Outlook:The softer-than-expected inflation figures suggest easing price pressures in the U.S. economy — a potential bullish signal for risk assets, such as Bitcoin(BTCUSDT).-----------------------------Now let's take a look at the Bitcoin chart on the 1-hour time frame.Bitcoin is trading in the upper part of a Heavy Resistance zone($104,380-$103,670) and is trying to break through this zone. The announcement of US indexes could be a trigger for a breakout of this zone.In terms of Elliott Wave theory, Bitcoin appears to be completing microwave 4 of the main wave 3. The structure of microwave 4 is a Double Three Correction(WXY).I expect Bitcoin to start rising from the Potential Reversal Zone(PRZ)[$108,680-$107,840]and near the Support line again and rise to at least $110,670 and if the Heavy Resistance zone($104,380-$103,670) is broken we should expect new ATHs in the coming days.Cumulative Long Liquidation Leverage: $108,791-$107,887Cumulative Long Liquidation Leverage: $106,840-$105,457Cumulative Short Liquidation Leverage: $111,381-$110,568Note: If Bitcoin falls below $105,700(Worst Stop Loss(SL)), we should expect further declines.If you want to know my weekly analysis about BTC, I suggest you check out the following idea: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.