Technical analysis:
BTC has been trading downside in last few hours but with building higher lows in the background.
Trading recommendation:
Due to higher lows in the background and the contraction on longer frames, I see potential for the rally in next period.
Watch for buying opportunities with the next upside targets at $62,500 and $63,250
Stochastic is showing potential bull cross around 50 level, which is another sign for potential rally.
Support level is set at $60,725
