FX.co - BTC analysis for June 09,.2021 - Sell zone and potential for the downsdie rotattion

2021-06-09T12:08:30

Relevance until2021-06-11

Technical analysis:

BTC analysis for June 09,.2021 - Sell zone and potential for the downsdie rotattion

BTC has been trading upwards in the last 10 hours but I see potential exhaustion and downside rotation.

Trading recommendation:

Watch for potential selling due to the overbought condition on the BTC.

Downside targets are set at the price of $32.550 and $31.220.

Stochastic is showing overbought condition and potential for the downside rotation.

Key resistance is set at the price of $35.500

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Petar Jacimovic

FX.co ★ BTC analysis for June 09,.2021 - Sell zone and potential for the downsdie rotattion