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FX.co ★ BTC analysis for July 23,.2021 - Exhaustion upside pattern and potential for drop towards $31.500

BTC analysis for July 23,.2021 - Exhaustion upside pattern and potential for drop towards $31.500

Technical analysis:

BTC analysis for July 23,.2021 - Exhaustion upside pattern and potential for drop towards $31.500

BTC has been trading upwards but I found that there is exhaustion pattern, which is good indication for the further selling.

Trading recommendation:

Watch for potential selling opportunities on the the downside breakout with the downside targets at the price of $31,500 and $31,000.

Stochastic oscillator is showing overbought condiiton, which is another sign for the further downside rotation.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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