BTC analysis for June 01,.2021 - Completion of the ABC upside correction and potentia lfor downside movement

Technical analysis:

BTC has been trading downwards in last 12 hours and i see potential for the further downside movement.

Trading recommendation:

Watch for potential selling opportunities due to potential completion of the ABC upside correction and downside continuation.

Downside targets are set at the price of $33.850 and $29.120.

Stochastic is showing overbought condition and fresh bear cross, which is another sign and confirmation for the downside rotation.