BTCUSD: SELL 114300, SL 115500, TP 107000 | 20 Agustus 2025
20 Agustus 2025, BTCUSD
After a mixed success in the form of updating the historical high, a sharp decline followed. Such a development often serves as a signal of a potential trend reversal. The recent drop might be just the tip of the iceberg, with more significant movements still ahead.
The upward impulse has been completed, while the downward movement so far is too minor to fully assess its nature. We might see either a deep corrective phase or the price consolidating within a range. Nevertheless, the potential for decline remains strong, making short positions attractive. The price is likely to fall below the low of wave 4, offering an opportunity to capitalize on a notable movement.
Investment idea: SELL 114300, SL 115500, TP 107000.
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.
