BTCUSD: BUY 110400, SL 108800, TP 120000 | 11 July 2025

Bitcoin volatility remains relatively low, with the price still hovering near its all-time high, pushing persistently against that resistance. A breakout appears imminent — either the price will surge higher, which seems more likely, or it will fail to do so, losing strength and allowing sellers to seize control and push it lower. The expected breakout would likely mark the beginning of wave [iii] in the ongoing bullish impulse. If the price drops instead, it may indicate further development of corrective wave [ii]. In any case, the focus should now be on the upcoming breakout. If the local high at 110400 is broken, that will provide a solid buying opportunity. Investment idea: BUY 110400, SL 108800, TP 120000.