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 bear flag in the background, I see potential for the downside continuation of the short-term trend.
Watch for potential selling opportunities the intraday rallies with the downside objectives at $37.450 and $34.500.
MACD oscillator is showing strong downside momentum, which is another confirmation that sellers are in control.
Key resistance is set at the price of $40.000
