Technical analysis:
BTC has been downside as I expected. I see that supply is dominant and that we can have further downside continuation.
Trading recommendation:
Due to strong downside pressure and the breakout of the bear flat in the background, I see further downside continuation.
Watch for potential selling opportunities on the rallies with the downside objectives at $38.300 and $37.350.
Stochastic is showing fresh bull cross, which is sign that upside corrective cycle is active.
Resistance is set at $42.250
