FX.co - BTC analysis for July 02,.2021 - Potential for the drop towards $30.000

2021-07-02T11:59:14

Relevance until2021-07-04

Technical analysis:

BTC analysis for July 02,.2021 - Potential for the drop towards $30.000

BTC has been trading downside as I expected. Downside opportunities on the rallies is preferable strategy under bear condition.

Trading recommendation:

Watch for potential selling opportunities on the rallies with the downside targets at $30.400 and $29.000.

Stochastic is showing fresh bear cross, which is another sign for the downside continuation.

*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 July 02,.2021 - Potential for the drop towards $30.000