FX.co ★ BTC analysis for June 02,.2021 - Watch for the breakout of the upside channel to confirm further downside movement

Technical analysis:

BTC has been upwards. The price tested the elvel of $37.630 but I see potential for the downside swing due to overbought condition.

Trading recommendation:

Watch for potential selling opportunities and potential downside rotation towards $35.675.

Downside target is set at the price of $1.854

Stochastic is showing overbought condition, which is sign that buying looks risky.