Technical analysis:
BTC has been trading sideways at the price of $29.800 for few days but I see potential for the downside continuation.
Trading recommendation:
Due to the strong downside cycle and potential completion of the ABC upside correction, I see further downside movement.
Watch for potential selling opportunities on the intraday rallies with the main downside objective at the price of $25.600.
Stochastic oscillator is showing bear reading with evidence for the reversal.
Key resistance is set at the price of $32.500
