BTCUSD: SELL 109900, SL 112000, TP 100000 | 26 May 2025

Bitcoin did not deliver another impressive move during the last trading day. It appears that most of the effort was directed toward firmly establishing its previous historic levels—and buyers seem to be handling this task quite well. However, the current wave pattern still indicates that a corrective decline is desirable. The earlier developed directed move closely resembles a completed upward impulse, which is identified as wave [i]. Following the logic of the wave structure, a corrective pullback is needed to form wave [ii]. For this reason, a reversal move is expected in the near term, making a short trade setup a viable option. Investment idea: SELL 109900, SL 112000, TP 100000.