FX.co ★ BTC analysis for June 11,.2021 - Potetnial for the second downside leg

Technical analysis:

BTC has been trading sideways but there is potential for the drop towards $34.600 and $31.250.

Trading recommendation:

Watch for potential selling opporutnities on the rallies using the intraday frames 15/30 minutes.

Downside targets are set at the price of $34.600 and $31.250.

Stochastic is showing overbought condiiton and fresh bear cross, which is another sign and confirmation for the downside rotation.Background : Breakout of the rising channel and potential for the second downside leg....