FX.co ★ BTC update for June 03,.2022 - Bear flag pattern in creation

Technical analysis:

BTC has been trading sideways at the price of $30.420. Anyway, I see potential for the downside movement due to bear flag pattern in creation.

Trading recommendation:

Due to the bear flag pattern in creation and bigger time-frame trend downtrend, I see potential for the downside trend.

Watch for potential selling opportunities in case of the breakout of the bear flag.

Stochastic is showing fresh bear cross in the background, which is another good sign for further downside movement.

Key resistance is set at the price of $32.500