BTCUSD: SELL 106680, SL 106900, TP 104000 | 02 July 2025
02 July 2025, BTCUSD
It looks like we’ll have to wait a bit longer for a new all-time high. The price is coming under gradually increasing pressure, which is becoming harder for buyers to withstand. Eventually, this will likely result in a sharp drop. This downward move could be a correction. A strong bullish impulse has previously formed, and this pullback would be a natural counter-reaction to it. Therefore, long positions should be closed, and traders should begin considering short opportunities. Entering short positions is possible at current market levels. Investment idea: SELL 106680, SL 106900, TP 104000.
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.
