Technical analysis:
BTC has been trading downside. There is the breakout of the contraction with aggressive sellers in the background.
Trading recommendation:
Watch for selling opportunities due to the breakout of the consolidation.
Downside targets are set at the price of $4,670 and $48,500
Stochastic oscillator is showing bearish divergence and overbought condition, which is sign that downside movement is very possible....
