BTCUSD: SELL 81800, SL 81600, TP 78000 | 05 March 2025
05 March 2025, BTCUSD
The cryptocurrency market has been volatile lately. Irrational moves triggered by emerging news dominate. While the general sentiment remains positive, instead of a confident uptrend, we see something else altogether.
The expected upward impulse failed to develop, retaining the form of a simple zigzag. Now, it’s unclear what the “artist” wants to depict. I suspect that the correction may continue and become more complicated, as previously hypothesized.
The price is likely to drop further after a brief pause.
Investment idea: SELL 81800, SL 81600, TP 78000.
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.
