FX.co ★ BTC analysis for June 08,.2021 - First target reached at the price of $33.400 but potential for bigger drop towards $28.800

Technical analysis:

BTC has been trading downwards today as I expected. The price reached my first downside objective at the price of $33.390 but there is still potential for further drop towards $31.330.

Trading recommendation:

Watch for potential selling opportunities on the rallies using the intraday time-frames like 15/30 minutes.

Downside targets are set at the price of 31.000 and $28.800..

I see no reversal patterns and to evidence of bigger demand, which is sign that selling can continue...