BTCUSD: SELL 119700, SL 121000, TP 114500 | 18 July 2025
18 July 2025, BTCUSD
After updating the historical high, buyers calmed down a bit. Their opponents immediately took advantage of this, starting active pressure on the price. As a result, the rate began to drop sharply, but this is a temporary phenomenon. Apparently, this decline is of a corrective nature. This means that we may see the formation of a zigzag structure in the near future.
For this, the price will rise slightly, but it will not be possible to update the maximum again, and the price will go down again. The expected trajectory of the price movement is indicated in the provided screenshot.
In this situation, it is worth considering the possibility of entering sell trades after a slight rise.
Investment idea: SELL 119700, SL 121000, TP 114500.
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.
