BTCUSD: SELL 107500, SL 107900, TP 99000 | 22 May 2025
22 May 2025, BTCUSD
Bitcoin is persistently approaching its all-time high. However, the recent price action has been choppy and is clearly developing as a series of three-wave moves. This suggests the potential formation of an ending diagonal as the final fifth wave of the current bullish impulse. If this assumption is correct — especially given the nearby strong resistance level — a correction is likely to begin soon, possibly taking the shape of a zigzag. Therefore, another short trade from the current market level appears to be a justified opportunity. Investment idea: SELL 107500, SL 107900, TP 99000.
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.
