28.05.202013:09 Forex Analysis & Reviews: BTC analysis for May 28,.2020 - Rejection of the resistance at the price of $9.250. Downside movement expected towards the level of $8.630

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NEWS :

BoE Saunders (Dovish Dissenter)

- Risk management consideration played role in vote to raise asset purchases

Technical analysis:

BTC has been trading upwards towards the resistance at the price of $9,250. I found the rejection of the resistance and potential for the further downside continuation towards the level at $8,630.

Trading recommendation:

Watch for selling opportunties on the rallies, The downward targets are set at the price of $8,631 and $8,155.

Stochastic oscillator is showing an overbought condition, which is sign that downside is expected.

Major resistance is set at the price of $9,250

Support levels and downward targets are set at the price of $8,630 and $8,155

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