BTCUSD: BUY 94000, SL 88400, TP 110000 | 03 March 2025
03 March 2025, BTCUSD
Bitcoin ultimately decided to "dive" deeper. Apparently, the powers that be didn't manage to fully capitalize on purchasing digital gold at more favorable prices. However, after swiftly executing a sale maneuver, Trump sent a signal for an upward movement at the start of the new working week.
Within minutes, the price recovered a large portion of the recent decline. It is possible that the correction, which appeared as a double zigzag, will turn out to be a simple flat, and moreover, already fully formed. Alongside it, Wave (ii) of the upward impulse has concluded.
The observed growth could evolve into a prolonged impulse, establishing new historical highs. Even amidst this optimistic news backdrop, it is important not to forget about risks and to approach trading with a cool head.
Investment idea: BUY 94000, SL 88400, TP 110000.
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.
