Relevance up to 17:00 2022-06-08 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
Technical analysis:
BTC has been trading downside today and I found the brekaout of the rising trend line, which is good sign for further downside movement. Trading recommendation: Due to the downside fresh move today, I see potential for the downside continuation. Watch for potential selling opportunities in case of the breakout of the pivot support at 29.300. MACD is showing neutral reading, which is sign of indecision. Key short-term resistance is set at $32.400
Read more: https://www.instaforex.eu/forex_analysis/279157
