Technical analysis:
BTC has been trading downside in the background and I see potential for the downside continuation.
Trading recommendation:
Due to the breakout of the rising channel in the background and strong supply, I see potential for the downside continuation.
Watch for potential selling opportunities on the rallies with the downside objectives at the price of$43.240 and $40.600.
MACD is showing downside reading and the Stochastic is showing premature bull cross, which is sign that sellers are still in control.
Key resistance is set at the price of $48.200
