Technical analysis:
BTC has been trading downside in the background and I see potential for the downside continuation towards next lower reference points.
Trading recommendation:
Due to strong selling pressure and weak rally today, I see potential for the downside continuation.
Watch for potential selling opportunities on the rallies with the downside objective at the price of $41.000.
Stochastic oscillator is showing oversold condition but MACD is still in strong downside momentum.
Resistance level is set at $44.300
