BTC analysis for September 02,.2021 - Watch for the downside rotation towards $48.800

Technical Analysis:

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BTC has been trading sideways in last few hours at the price of $50,000. Watch for potential downside rotation.


Trading recommendation:
Watch for the breakout of the consolidation low at the price of $49,700 to confirm further downside rotation.

Downside targets are set at the price of $49,300 and $48,800

Stochastic oscillator is showing bearish divergence and potential for the downside rotation....




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Petar Jacimovic
Analytical expert of InstaForex
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