BTC analysis for September 27,.2021 - Downside rotation in play towards $41.000

Technical analysis:

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BTC has been trading downside in last 12 hours and I see potential for further downside rotation.


Trading recommendation:
Due to strong downside trend in the background and no signs for the reversal, I see potential for the downside continuation and test of $41,000 and $40,000.

Watch for selling opportunities on the rallies with the downside targets at $41,000 and $40,000.

Stochastic is showing overbought condition and potential for the bear cross.

Resistance is set at $45,200



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Petar Jacimovic
Analytical expert of InstaForex
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