FX.co - BTC update for May 09,.2023 - Key support zone on the test

2023-05-09T06:10:40

Relevance until2023-05-10

Technical analysis:

BTC update for May 09,.2023 - Key support zone on the test

BTC/USD has been downside yesterday and the key support zone is on the test at $27.300-26.500.

Pay attention to the support zone and price action around since it can confirm further direction.

In case of the rejection of the support zone, there is potential for the rotation upside towards $28.000

In case of the breakout of the support zone and hold below, there is the chance for the downside movement towards $24.000-$20.000

*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 update for May 09,.2023 - Key support zone on the test