BTC analysis for June 01,.2021 - Completion of the ABC upside correction and potentia lfor downside movement

Technical analysis:

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BTC has been trading downwards in last 12 hours and i see potential for the further downside movement.


Trading recommendation:
Watch for potential selling opportunities due to potential completion of the ABC upside correction and downside continuation.

Downside targets are set at the price of $33.850 and $29.120.

Stochastic is showing overbought condition and fresh bear cross, which is another sign and confirmation for the downside rotation.





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Petar Jacimovic
Analytical expert
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