BTCUSD: BUY 121000, SL 118500, TP 127000 | 24 July 2025
24 July 2025, BTCUSD
The situation with the trading pair continues to develop within the previously considered wave scenario. Currently, a correction is likely being formed, which is the fourth wave in the developing upward impulse. This impulse, in turn, is part of wave [iii] of a higher time frame, indicating good potential for further upward movement.
However, entering trades at current price levels would not be very safe, as the correction may continue for some time.
It is recommended to open buy trades upon a breakout of the local high at 121000.
Investment idea: BUY 121000, SL 118500, TP 127000.
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.
