BTC breached the key support cluster at the price of $3.420, which is a clear sign that sellers are in control and that buyers don't have power. BTC is trading inside of the downward Pitchfork channel and I am expecting a potential reach of the median line. The key support now became the level of $3.420.
Resistance levels:
R1: $3.572
R2: $3.613
R3: $3.663
Pivot : $3.522
Support levels:
S1: $3.480
S2: $3.431
S3: $3.390
Trading recommendations for today: We are short BTC/USD from $3.392 and with the target at $3.107. Protective stop is placed at the price of $3.550.
