Technical analysis by pejman_zwin about Symbol BTC: Buy recommendation (11/10/2025)

Bitcoin ( BTCUSDT ) started pumping yesterday as I expected in my previous idea . Let's take a look at the fundamental reasons for Bitcoin . Why the sudden BTC pump? Here are the 3 BIG catalysts hitting at once: 1-US Government Shutdown officially ending tomorrow (Nov 12) Senate finally reached a budget deal. Treasury General Account (TGA) will start draining → hundreds of billions in fresh liquidity flooding markets. Same thing that ignited the 2020-2021 bull run. 2-Trump’s “Tariff Dividend” President promised every American adult at least $2,000 from tariff revenue (potentially $400B+ total). Last time we got $1,200 stimulus checks, BTC went from $7K → $69K. Do the math. 3-Short squeeze + ETF flow reversal Despite last week’s $1.22B ETF outflows, today we’re seeing fresh bids stacking. Bears who shorted the dip are now fuel for the rocket. ------------------------------------------------------------------------------ Let's take a look at Bitcoin’s technical analysis on the 1-hour timeframe . Right now, Bitcoin is trading around a Resistance zone($107,600,980-$106,100) , and it looks like it might be forming a potential ascending channel , though the second top of that channel isn’t confirmed yet. My expectation is that after a brief pullback to the Support zone($104,840-$103,600) —where there’s also Cumulative Long Liquidation Leverage($105,311-$104,111) —Bitcoin could start rising again and attempt to break through the Resistance lines. If BTC manages to break above those Resistance lines, then the next target could be around $110,000 . Cumulative Long Liquidation Leverage: $99,865-$98,168 Cumulative Short Liquidation Leverage: $112,590-$111,459 [Heavy] New CME Gap: $104,565-$104,160 So what do you think? Can Bitcoin push up to $110,000, or will it turn back down again? Note: These days, the market can be pretty volatile and unpredictable, so always remember to manage your risk and stick to your risk management strategy. Please respect each other's ideas and express them politely if you agree or disagree. Bitcoin Analysis (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.Trade was activated in Cumulative Long Liquidation Leverage($105,311-$104,111)Stop Loss was touched Although Bitcoin went somewhat according to my scenario, it started to fall with the news "China accuses the U.S. of stealing $13 BILLION bitcoin tied to the 2020 LuBian mining-pool hack, per a new report".