Technical analysis:
BTC has been trading sideways at the price of $39.000. I see potential for the rejection of the resistance at the price of $39.900.
Trading recommendation:
Watch for potential selling opportunities in case of the rejection of the resistance at $39.900
Downside objective is set at the price of $37.620
MACD oscillator is showing strong downside momentum, which is another confirmation that sellers are in control.
