BTC/USD Trading Analysis (02/07/2024)
The trend is down. The coin is traded in the range between 365 and 135 ЕМА. The upward inner truncated wave structure finished with the breach of the sloping channel. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the overbought condition.
Trading idea:
- Sell at the breach of 62794.0
- Stop-loss at 63900.0.
- Price targets at 61455.0 and 60100.0.
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