Technical analysis:
BTC has been trading downside and I see further bearish continuation.
Trading recommendation:
Due to the bearish divergence in the momentum and test and reject of the strong pivot level at $48,800, I see further downside movement.
Watch for selling opportunities on the rallies with the downside targets at the price of $45,200 and $44,420.
Stochastic is showing bearish divergence in the background.
