Technical analysis by weslad about Symbol BTC: Buy recommendation (10/7/2025)

While I typically avoid short-term BTC analysis, this 1hr setup is too critical to ignore. Price is painting a textbook Elliott Wave pattern that could deliver a explosive move. CURRENT STRUCTURE: • Waves 1 & 2 ✅ COMPLETE • Wave 3 (extended) now forming an ENDING DIAGONAL • Current trading near critical "BUY BACK Area" IMMEDIATE SCENARIOS: BULL CASE (70%): • Bounce from current BB-Zone → Push to complete Wave 3 at $129K-$130K • Brief Wave 4 correction to $125K • Wave 5 launch toward $136K+ • Final blow-off top: $140K-$160K BEAR INVALIDATION: • Break below $123K → Drop to $120K • This invalidates the diagonal pattern KEY LEVELS: • Must Hold: $123K • Buy Zone: $121K-$123K • Wave 3 Target: $129K-$130K • Wave 4 Pullback: $125K • Wave 5 Target: $136K+ The next few hours are CRITICAL. This ending diagonal suggests exhaustion in the current move, we either get one final push to $130K or breakdown to $120K. Like if you're watching these levels! Share if you agree with this analysis! Comment with your take!Quick update on BTC If BTC has made the diagonal wave 5 at the previous tested high, then the support at $123k will not hold the price.The BUY BACK area is activated, I may be wrong, I see big wave 5 starting from this zone.The wave 4 base formed, the road may be clear for BTC to make a new ATHWave 4 established. Time to wait for the bigger move ahead.Price turned back into the demand area, the idea will be review for better representation.