BTC. Sell 95000, SL: 98000, TP: 89000. | 18 February 2025
18 February 2025, BTC
Bitcoin's volatility remains extremely low, indicating an impending significant move in one of the directions. The current wave pattern suggests a likely decline in the price. This is associated with the ongoing correction, which is developing in the form of a double zigzag, where the last wave [y] of a is yet to be formed.
On a broader scale, the corrective movement is likely to take the form of a simple zigzag. After the expected drop, counting on a prolonged upward movement is unrealistic. Growth will occur within Wave b, and it is unlikely that it will update the current high.
It is now appropriate to consider the possibility of opening short positions when the price falls below $95,000.
Investment strategy: Sell: 95,000, SL: 98,000, TP: 89,000.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
