Technical analysis:
BTC has been trading upside in last 24 hours towards the level of $39,500. Anyway, I see the upside movement like corrective and potential for the downside continuation.
Trading recommendation:
Due to strong downside cycle in the background, I see potential for the downside continuation.
Watch for potential selling opportunities in case of the breakout of the mini rising channel.
Downside objectives are set at $36,500 and $35,600
In the background, there is the the big downside momentum, which is indication for the potential downside continuation.
Key resistance is set at $39,500
