BTCUSD: SELL 106500, SL 108000, TP 98000 | 18 June 2025
18 June 2025, BTCUSD
Bitcoin is once again making an attempt to push higher toward uncharted highs. Although this recent upward move still fits within the bounds of the previously considered bearish scenario, any continued rise beyond current levels may require a reassessment of the outlook.
For now, the current rally appears to be corrective — most likely a zigzag structure. If this assumption holds, the market should soon reverse lower from current levels, initiating a third wave within a broader bearish impulse. Such a development could result in significant downside, especially if the broader correction intensifies.
Therefore, the current situation continues to offer favorable conditions for initiating short positions, with a clear risk/reward profile. Investment idea: SELL at 106500, Stop Loss at 108000, Take Profit at 98000
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.
