Technical analysis:
BTC has been trading downside most recently and I see potential for the downside continuation towards $40,800.
Trading recommendation:
Due to downside cycle and the downside trend, watch for selling opportunities on the intraday rallies with the targets at
$40,850
$39,700
Stochastic oscillator is showing bear condition with no evidence for the reversal.
Resistance is set at $44,350
