Technical analysis:
BTC has been trading downwards. As I expected, the market is trading lower and aproaching the key support level at $8,900. I see potential for the bigger drop in case of the downside breakout towards the $7,800
Trading recommendation:
Watch for potential selling opporutnities in case of the downside breakout of support at $8,900.
Stochastic is showing fresh bear cross, which is another sign and confirmation for the downside rotation.
Bigger downside target is set at $7,800
Key ressistnace is set at $9,380
