FX.co ★ BTC analysis for July 26,.2021 - Buying climax and potential for sideways-downside rotation in play

Technical analysis:

BTC has been trading upwards but I found the buying climax and extreme condition, which is sign that there is potential for the sideways movement or downside reaction.

Trading recommendation:

Watch for potential downside rotation towards $36,000 due to extreme condition and buying climax.

Watching for exits on the long side due to buying climax is preferable strategy,.

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