Technical analysis:
BTC has been trading sideways but there is potential for the drop towards $34.600 and $31.250.
Trading recommendation:
Watch for potential selling opporutnities on the rallies using the intraday frames 15/30 minutes.
Downside targets are set at the price of $34.600 and $31.250.
Stochastic is showing overbought condiiton and fresh bear cross, which is another sign and confirmation for the downside rotation.Background : Breakout of the rising channel and potential for the second downside leg....
