BTCUSD: SELL 103400, SL 104700, TP 100000 | 06 June 2025
06 June 2025, BTCUSD
Bitcoin’s price action is currently indecisive, producing a choppy pattern with a mild upward bias. This kind of movement indicates the continuation of a correction. It is possible that wave [ii] is becoming more complex, taking the form of a double zigzag. In this case, the recent price swings would represent the connecting wave within this structure. After a minor upward move, a sharp decline may follow, forming the second leg of the double zigzag. Therefore, on a break below the current local low, short positions should be considered. Investment idea: SELL 103400, SL 104700, 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.
