BTCUSD: SELL 104400, SL 105300, TP 97000 | 09 June 2025
09 June 2025, BTCUSD
Not much has changed for Bitcoin. As expected, it failed to sustain upward momentum. Selling pressure resumed and now threatens a deeper decline. The correction appears to be developing into a more complex structure, potentially forming a double zigzag. There's also a possibility that a new bearish impulse is beginning to unfold, though this will become clearer with time. For now, the setup remains clearly bearish, offering good short-term opportunities. Short positions are recommended at current market levels. Investment idea: SELL 104400, SL 105300, TP 97000.
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.
