FX.co ★ BTC analysis for May 05,.2021 - First target at the price of $53.000 has been reached

Technical analysis:

BTC has been trading downside as I expected and the price reached my first downside target at $53.000.

Trading recommendation:

In case of the downside breakout of the key support at $53.000, watch for selling opportunities on the rallies with the next downside target at $48.350.

Stochastic oscillator is showing fresh bear cross, which is bearish condition....