BTCUSD: SELL 76800, SL 78100, TP 73200 | 08 Abril 2025
08 Abril 2025, BTCUSD
The situation surrounding the trading instrument has undergone a dramatic shift. Macroeconomic events have exerted a profound impact on Bitcoin, subjecting it to increased pressure and reigniting its downward trajectory, bringing it perilously close to the previously established local low. It is likely that the price will fall even lower in the near future.
From a wave structure perspective, this ongoing decline is still considered part of a double zigzag. Currently, Wave [c] of y of (ii) is likely forming. If this interpretation is accurate, we can anticipate further impulsive price decreases, followed by a reversal and the commencement of the next bullish impulsive phase.
Investment idea: SELL 76800, SL 78100, TP 73200.
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.
