BTCUSD: SELL 120400, SL 120950, TP 115000 | 21 July 2025
21 July 2025, BTCUSD
Bitcoin is expectedly continues to tread water. It is obvious that some corrective structure is being formed, which is considered by default as a simple zigzag. Earlier, it was suggested that the price would attempt to rise, but it would not be able to immediately update the high. The attempt would fail, and the price would rush down, approximately as schematically indicated in the provided chart.
In this regard, we continue to wait for a favorable moment to enter short-term sell trades with a small target.
Investment idea: SELL 120400, SL 120950, TP 115000.
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.
