Technical analysis:
BTC has been trading sideways at the price of $39.815. Anyway, I see potential for the downside continuation towards next downside pivot points.
Trading recommendation:
Due to the strong downside cycle and contraction in lat 2 days, I see potential for the downside continuation.
Watch for potential selling opportunities with the downside objectives at the price of $37.610 and $34.600.
MACD oscillator is showing negative reading with no evidence for the reversal, which is sign for the downside pressure.
Resistance is set at the price of $42.000
