BTCUSD: BUY 86650, SL 83300, TP 91050 | 28 February 2025
28 February 2025, BTCUSD
Bitcoin continues to face significant pressure from sellers. However, buyers are not willing to relinquish their positions easily. Previously, the possibility of a corrective bounce was considered. Unfortunately, we did not witness the expected rebound; buyers only managed to temporarily halt the decline, after which the downtrend resumed.
The entire downward wave structure that began after exiting the converging horizontal triangle looks very much like an impulse. It is unlikely that we will see a continuation of the decline in the near future. The price is highly likely to experience at least a decent bounce.
For this reason, it is recommended to once again consider the possibility of entering buy trades.
Investment idea: BUY 86650, SL 83300, TP 91050.
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.
