Relevance up to 14:00 2022-06-23 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/USD has been trading downside. I see the breakout of the rising channel in the background and potential for the downside movement. Trading Recommendation: Due to the breakout of the upside channel in the background and strong downside momentum, I see potential for further downside movement. Watch for selling opportunities on the intraday rallies with the downside objective at $18.000. Stochastic is showing extreme reading and potential for bear turn, which is another confirmation for the potential downside movement. Key resistance is set at $21.700
