BTCUSD: BUY 120200, SL 118500, TP 127000 | 28 July 2025
28 July 2025, BTCUSD
Bitcoin continues to trade within a narrow price range, clearly forming a corrective structure. As previously noted, it is предполагаемое that the fourth wave in the upward impulse is currently forming, which appears to be taking the form of a converging horizontal triangle.
After the completion of this pattern’s formation, a price breakout to the upside is expected. This will form the fifth wave. Moreover, this impulse is within wave iii, indicating that the bullish sentiment in this market will persist.
For this reason, buy trades remain the most перспективным trading solution in this situation.
Investment idea: BUY 120200, 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.
