FX.co ★ BTC update for June 02,.2023 - Key support cluster on the test

Technical analysis:

BTC/USD has been trading downside yesterday and I found the test of the key support cluster at the price of $26.800. There is potential for the reaction to the upside.

Due to the mid and long term upside trend and the test of the key support cluster on short-term, I see potential for the further upside movement towards upside reference.

Upside objective is set at the price of $27.400

RSI oscillator is showing oversold condition and potential for the rally

MACD oscillator is showing decreasing in the downside momentum.

Key support cluster is set $26.800-$26.600