BTCUSD: SELL 112300, SL 114100, TP 106000 | 21 August 2025
21 August 2025, BTCUSD
As expected, Bitcoin remains under strong selling pressure. Moreover, this pressure intensifies day by day, leading to a gradual decline in the asset’s value. The current wave structure suggests that in the near future we are likely to see a continuation of the downward movement of the “digital gold.”
This is due to the fact that the upward impulse has presumably been completed earlier. The price slightly updated its high, which was immediately followed by a strong reaction — the consequences of which we are likely to continue observing in the near future.
For this reason, it is recommended to keep previously opened short positions active. Where possible, additional trades in the same direction may also be considered.
Investment idea: SELL 112300, SL 114100, TP 106000.
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.
