BTCUSD: BUY 110400, SL 108300, TP 120000 | 08 Julio 2025
08 Julio 2025, BTCUSD
After briefly breaking above the channel, the price failed to hold and fell back down. This drop may be part of an ongoing correction, which could already be nearing its end. If that’s the case, the new trading week may bring another attempt to rise — and this time, a more successful one. The price could begin a strong impulsive move intended to form wave [iii]. A confirming signal for long entries would be a breakout above the previously established local high at 110400. Until then, it’s best to stay on the sidelines, as the price may dip lower, extending the correction in time. Investment idea: BUY 110400, SL 108300, TP 120000.
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.
