BTC analysis for June 08,.2021 - First target reached at the price of $33.400 but potential for bigger drop towards $28.800

Technical analysis:

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BTC has been trading downwards today as I expected. The price reached my first downside objective at the price of $33.390 but there is still potential for further drop towards $31.330.


Trading recommendation:
Watch for potential selling opportunities on the rallies using the intraday time-frames like 15/30 minutes.

Downside targets are set at the price of 31.000 and $28.800..

I see no reversal patterns and to evidence of bigger demand, which is sign that selling can continue...





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Petar Jacimovic
Analytical expert
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