FX.co ★ BTC analysis for April 26,.2021 - Extreme overbought condiiton and potential for the downside rotation towards $51.710

Further Development

Analyzing the current trading chart of BTC, I found that there was strong rally this morning and that price tested the level of $53.400.

Anyway, I found that there is the intraday extreme condition and the both RSI readings are into extreme, which is good condition for potential downside.

My advice is to watch for potential selling opportunities with the downside target at $51.712.Key Levels:Resistance: $54.230 and $55.000Support level: $51.712