FX.co - BTC analysis for September 07,.2021 - Outside bar and fresh bear cross for potential further drop

7 September 2021 at 11:11AM (UTC+0)

Relevance until8 September 2021 at 11:11AM (UTC+0)

Technical analysis:

BTC analysis for September 07,.2021 - Outside bar and fresh bear cross for potential further drop

BTC has been trading downside today and there is the breakout of the tight upside channel, which is sign for the further downside movement.

Trading recommendation:

Watch for selling opportunities on the rallies due tto the breakout of the previous day low yesterday and thee fresh bear cross on the oscillator.

Downside targets are set at the price of $47,000 and $44,000

*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 07,.2021 - Outside bar and fresh bear cross for potential further drop