BTCUSD: SELL 104000, SL 104600, TP 102000 | 03 Junio 2025

Bitcoin has started to follow the expected wave scenario. After updating its all-time high, the asset failed to hold those levels and slipped back below the resistance. The downward movement gradually gained momentum, driving the price down to 104000. Currently, we are seeing an attempt at recovery, which is likely the fourth wave of a downward impulse. This implies that another downward wave and a new local low may follow. So far, this decline is being viewed as a zigzag, but there is a chance it may evolve into a full impulse. It is recommended to continue holding short positions, but it may be wise to close most of them as the remaining downside potential is limited. Investment idea: SELL 104000, SL 104600, TP 102000.