BTCUSD: BUY 119900, SL 118000, TP 126000 | 31 July 2025
31 July 2025, BTCUSD
Bitcoin remains within corrective wave [iv], but currently buyers are preparing for a decisive breakout aimed at establishing another historical high. This upward movement will lead to the development of wave [v] in the forming extension within impulse wave 3.
A good entry point for buy trades has now formed at the local high of 119700. Upon breaking this level, it is recommended to actively enter buy positions with the expectation of capturing the movement in the indicated fifth wave of the impulse. Immediately after establishing a new historical high, it is advisable to start closing open positions, as there is a high probability of a correction.
Investment idea: BUY 119900, SL 118000, 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.
