FX.co ★ BTC update for June 07,.2022 - Watchf or the downside movement

Technical analysis:

BTC has been trading downside today and I found the brekaout of the rising trend line, which is good sign for further downside movement.

Trading recommendation:

Due to the downside fresh move today, I see potential for the downside continuation.

Watch for potential selling opportunities in case of the breakout of the pivot support at 29.300.

MACD is showing neutral reading, which is sign of indecision.

Key short-term resistance is set at $32.400