BTC analysis for May 06,.2021 - Major resistance at $58.000 on the test

Technical analysis:

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BTC has been trading upside but I see potential for the downside rotation. There is strong resistance at $58.000..Trading recommendation:

Watch for potential selling opportunities due to potential extreme reading and strong resistance at $58.000.

Stochastic oscillator is showing extreme condition and overbought, which is sign for potential downside rotation..



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Petar Jacimovic
Analytical expert
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