Technical analysis:
BTC/USD has been trading sideways at the price of $39.500 but I see potential for the downside rotation.
Trading recommendation:
Due to the rejection of the upper trend-line I see potential for the downside rotation.
Watch for potential selling opportunities on the intraday rallies with the objective at $37.700.
Stochastic oscillator is showing overbought condition and fresh bear cross, which is sign for further downside movement.
Key resistance is set at the price of $40.750
