Technical analysis by pejman_zwin about Symbol BTC: Buy recommendation (11/17/2025)

As expected in the previous idea , Bitcoin ( BTCUSDT ) has dropped to $93,040(Target done) . The question now is whether Bitcoin will continue its downward trend or not. Currently, Bitcoin is moving near the Support zone($93,200-$87,340) and key Support lines . From the perspective of Elliott Wave Theory , Bitcoin seems to be completing Wave 5 , with the Wave 3 being extended . I expect Bitcoin to start rising again by entering the Cumulative Short Liquidation Leverage($92,869-$91,763) and possibly from the lower line of the descending channel. There is a possibility of a fake breakout , but be careful of the momentum of the decline. First Target: $95,297(near the upper line of descending channel) Second Target: $96,831 Stop Loss(SL): $90,727 Points may shift as the market evolves Cumulative Long Liquidation Leverage: $98,338-$96,913 CME Gap: $92,525-$91,415 Note: Since Bitcoin has had a high correlation with the S&P 500( SPX ) recently, and if the S&P 500 continues to decline, we can expect Bitcoin to follow suit. Another important note is that rising tensions between the U.S. and Venezuela could also impact the crypto market, so we should keep that in mind. Where do you think Bitcoin’s correction will go? 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