Technical analysis:
BTC has been trading downside today and I see potential for the downside continuation.
Trading recommendation:
Key pivot resistance is set at the price of 1,1350/80.
Due to strong downside momentum in the background and contraction in last few hours, I see potential for the downside continuation.
Watch for selling opportunities in case of the downside breakout of contraction.
Downside objectives will be st at $48,100 and $45,785
Stochastic is showing overbought condition and potential for rally first..
Resistance level is set at $49,500
