Technical analysis:
BTChas been trading downside and we can see impulsive movement to the downside. I see potential for the further downside movement due to strong downside pressure in the background.
Trading recommendation:
Due to the bear flag in creation and strong impulsive movement to the downside, I see potential for the downside continuation.
Watch for potential selling opportunities with the downside objectives at $27.800 and $25.700.
MACD is showing decreasing of the upside movement and potential turn into the downside.
Key resistance s set at the price of $32.40
