BTC analysis for August 10,.2021 - Key resistance at the price of $42.700 on the test

Technical Analysis:

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BTC is testing key pivot resistance at the price of $47,000. I see potential for the downside rotation.


Trading recommendation:
Watch for selling opportunities around key pivot at $47,000 with the downside target at the price of $42,185.

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




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Petar Jacimovic
Analytical expert
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