BTCUSD: SELL 106700, SL 107500, TP 100000 | 27 May 2025
27 May 2025, BTCUSD
Bitcoin failed to hold above the recently renewed all-time high, which was expected. A decline has begun, likely marking the start of a correction after a completed upward impulse. Currently, the first wave of the descending structure seems to have formed. A short sideways range is expected next, followed by a continued move down. Therefore, holding previously opened short positions is advised, and additional entries can be considered if the setup remains intact. Investment idea: SELL 106700, SL 107500, TP 100000.
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.
