FX.co ★ BTC update for May 26,.2023 - Testing of the resistance cluster at $26.000

Technical analysis:

BTC/USD has been trading upside this morning and I found test of the previous support cluster at the price of $26.600. I see 2 scenarios around this key support level.

In case of the upside breakout of the $26.600 and hold above, there is potential for the rally towards next major resistance at $27.475

In case of the downside rotation and rejection of the resistance at $26.000, there is chance for the rotation downside towards support zone at $25.900

Faster Stochastic oscillator is showing fresh bear cross and oversold condition....