BTCUSD: SELL 111100, SL 112300, TP 100000 | 28 August 2025
28 August 2025, BTCUSD
The Bitcoin price, as anticipated, broke the local low. However, buyers immediately responded, still unwilling to accept the cycle change. It is likely that sellers will gradually extinguish this buying activity during the day, pushing the price to establish a new local low.
The structure of the downward movement is not yet entirely clear; it has been difficult to identify an impulse within it. Perhaps today’s session will form an extended move that could be identified as wave 3 in the developing downward impulse.
Based on these expectations, it may be worth considering selling at current market levels.
Investment idea: SELL 111100, SL 112300, TP 100000.
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.
