FX.co - BTC analysis for September 02,.2021 - Watch for the downside rotation towards $48.800

2021-09-02T11:27:13

Relevance until2021-09-03

Technical analysis:

BTC analysis for September 02,.2021 - Watch for the downside rotation towards $48.800

BTC has been trading sideways in last few hours at the price of $50,000. Watch for potential downside rotation.

Trading recommendation:

Watch for the breakout of the consolidation low at the price of $49,700 to confirm further downside rotation.

Downside targets are set at the price of $49,300 and $48,800

Stochastic oscillator is showing bearish divergence and potential for the downside rotation....

*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 September 02,.2021 - Watch for the downside rotation towards $48.800