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02.08.2021 02:39 PM
BTC analysis for August 02,.2021 - Breakout of the contraction and potential for drop towards $36.000

Technical analysis:

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BTC has been trading downwards. I found the downside breakout of the upside channel and potential for further drop towards $36,400.

Trading recommendation:

Watch for selling opportunities on the rallies with the downside targets at the price of $36,400 and $34,800

Stochastic oscillator is showing negative reading with no evidence for the reversal....

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