BTCUSD: BUY 119600, SL 118300, TP 126000 | 30 July 2025
30 July 2025, BTCUSD
After a slight shakeout with the price breaking down from the previously formed corrective channel and returning back within its limits, the asset has calmed down somewhat. Buyers did not continue to force events, and sellers did not rush to push the price down again.
Based on the current wave pattern, all this looks like price preparation for a sharp upward breakout. This is due to, as previously noted multiple times, the formation of the fifth impulse wave forming within wave [iii].
Thus, the buy recommendation remains relevant.
Investment idea: BUY 119600, SL 118300, 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.
