Technical analysis:
BTC has been trading sideways at the price of $48,000. I see potential for the downside movement towards $47,400 and $46,830
Trading recommendation:
Watch for selling opportunities on the rallies with the downside targets at $47,400 and $46,830
Stochastic oscillator is showing bearish divergence in the background and potential for further downside.
Resistance is set at $48,700
