Technical analysis:
BTC has been trading sideways this morning at the price of $36.000.I still see potential for the downside movement.
Trading recommendation:
My advice is to watch for selling opportunities on the rallies with the downside targets at the price of $33.400 and $31.300.
Stochastic is showing neutral reading at the 50 level and the fresh downside cross would be another confirmation for the downside.
Additionally, bear flag pattern is in creation, which is good sign for further bear continuation.
Key resistance is set at $39.500
