Technical analysis:
BTChas been trading downside today and I see potential downside continuation in the next period.
Trading recommendation:
Watch for selling opportunities on the rallies due to the breakout of the bracketing market in the background.
Downside target is set at the price of $44,000.
Stochastic oscillator is showing overbought reading and fresh bear cross with good price action for the downside continuation.
Key resistance is set at the price of $50,000
