Technical analysis:
BTC has been trading sideways at the price of $57,000 but I see potential for the downside movement towards lower references.
Trading recommendation:
Watch for selling opportunities due to upside exhaustion in the background. The downside targets are set at $56,400, $55,900 and $45,600.
Stochastic is showing bearish divergence and potential for the further downside movement.
Key resistance is set at $57,800
