BTCUSD: BUY 118300, SL 116000, TP 126000 | 29 July 2025
29 July 2025, BTCUSD
The current situation with Bitcoin fully aligns with the previously considered wave scenario. Before further growth, the rate decided to make a sharp dip. However, it did not stay at these levels for long; after slightly intimidating the most fearful buyers, the rate returned back to the range of the previously forming correction.
Apparently, all these price swings are part of the corrective wave. An impulsive rise is expected next, which will complete the impulse. However, this impulse is part of a larger impulse, so the bullish cycle is likely not to be completed here.
Therefore, entering buy trades in the current situation appears to be a quite перспективным trading decision.
Investment idea: BUY 118300, SL 116000, TP 126000.
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.
