Technical analysis by pejman_zwin about Symbol BTC: Sell recommendation (7/28/2025)

First of all, I have to say that Bitcoin’s movements over the last 12 days have been a bit difficult to trade , generally, the hardest market to make a profit in is the range market with a swing movement . Bitcoin( BTCUSDT ) is currently trading near the Resistance zone($121,000-$119,500) , Cumulative Short Liquidation Leverage($121,336-$120,000) , and the upper line of the descending channel . Since Bitcoin has lost support lines , we can consider this increase in Bitcoin over the last two days as a pullback to the support lines(broken) . Do you agree with me!? In terms of Elliott Wave theory , it appears that Bitcoin is still completing the main wave B. The main wave B is a Regular Flat(ABC/3-3-5) . The structure of the microwave B of the main wave B was a Double Three Correction(WXY) . Additionally, the SPX 500 index ( SPX ), which Bitcoin is correlated with , is poised for a correction in my opinion, which could also impact Bitcoin . Also, unlike previous Mondays, MicroStrategy has NOT purchased Bitcoin , and the company currently holds 607,770 BTC . Old Bitcoin wallets also seem to be waking up to the fact that they can create movements in the crypto market . " In recent days, 471,867.8 BTC worth $56.39 million have been transferred from old wallets from 2012 to 2017 . ". I expect Bitcoin to decline to at least the Support zone($116,900-$115,730) and fill the CME Gaps in the coming hours . New CME Gap: $119,500-$118,295 CME Gap: $115,060-$114,947 Cumulative Long Liquidation Leverage: $117,401-$116,615 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.Position was activatedI transferred my Stop Loss(SL) to 118,179.0 USDTI closed my position at 117,461 USDT