Technical analysis by pejman_zwin about Symbol BTC: Buy recommendation (6/17/2025)

pejman_zwin

Bitcoin(BTCUSDT) appears to have broken the Support lines and is currently declining.In terms of Elliott Wave theory, Bitcoin appears to be completing a corrective wave C. The corrective wave structure is a Zigzag Correction(ABC/5-3-5).I expect Bitcoin to start rising again from the Support zone($104,380-$103,660), Potential Reversal Zone(PRZ)[$104,170-$103,270], Cumulative Long Liquidation Leverage($104,471-$103,124), Monthly Pivot Point, Support line, and 50_SMA(Daily), and the small CME Gap($106,190-$106,150) will also fill.Note: Stop Loss: $102,520Please 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.Position was activated near support line and Potential Reversal Zone(PRZ)[$104,170-$103,270]