FX.co ★ BTC analysis for August 06,.2021 - Symmetrical triangle in creation

Technical analysis:

BTC has been trading sideways at the price fo $40,600 and watching for the breakout will be good strategy under current condition.

Trading recommendation:

Watch for the breakout of the symmetrical triangle pattern in the background to confirm further direction.

In case of the upside breakout of the resistance at $41,350, watch for buying with target at $42,900

In case of the downside breakout of support at $39,900, watch for selling with target at $38,400.