BTC analysis for May 28,.2021 - Downside target reached at $36.500 but potential for another drop and test of $31.000

Technical analysis:

BTC has been trading downside as I expected. THe price reached my second downside target at $36.450 and it is heading towards the third target at $31.000.

Trading recommendation:

Watch for potential selling opportunities on the rallies due to the breakout of the rising channel in the background.

Next downside target is set at $31.000.

Stochastic is showing oversold condition but there is the another downside cross, which is sign for further downside movement.

Resistance is set at $37.200