BTC analysis for July 28,.2021 - Extreme intraday bullish condiiton

Technical analysis:

Name: b-p-280721.jpg Views: 7 Size: 162.2 KB

BTC has been trading upside and the price tested the key resistance at the price of $41,100.


Trading recommendation:
Due to extreme condition and the buying climax in the background my advice is to watch for the downside rotation in case of the bullish exhaustion.

In case of the upside continuation, next upside level is set at $45,250.

Stochastic Oscillator is showing overbought condition with no fresh bull cross...




Name: 44.png Views: 5 Size: 13.7 KB
Petar Jacimovic
Analytical expert
InstaForex Group © 2007-2021