Technical analysis:
BTC has been trading sideways at the price of $43.500. There is potential for the bigger drop and the downside continuation.
Trading recommendation:
Due to strong downside cycle in the background and symmetrical triangle in creation, I see potential for the downside continuation.
Watch for potential selling opportunities in case of the downside breakout of triangle.
Downside objective is set at $41.100
Stochastic is showing fresh bear cross, which is another sign and confirmation for the downside rotation.
Resistance is set at the price of $44.300
