BTC analysis for July 05,.2021 - Potential for the drop towards $30.000

Technical Analysis:
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BTC has been trading downside and see downside continuation towards $30.000.


Trading recommendation:
Watch for potential selling opportunities on the rallies due to potential end of the upside correction (ABC) and the outside bear bar....

Downside targets are set at the price of $30.000 and $28.920.

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

Key resistance is set at the price of $36.500



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Petar Jacimovic
Analytical expert
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