BTCUSD: SELL 109000, SL 109800, TP 100000 | 28 May 2025
28 May 2025, BTCUSD
Bitcoin is resisting downward movement. The previously formed bearish wave was immediately followed by a rebound, with the price climbing again toward the previously established high. This was expected and is considered part of the correction that is presumably underway. A continuation of the downward movement is anticipated, forming the next leg of the corrective zigzag. This decline is viewed as wave [ii] within a larger bullish impulse. While the overall trend remains upward, a short-term sell opportunity from current market levels appears promising. Investment idea: SELL 109000, SL 109800, 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.
