Technical analysis:
BTC/USD has been trading downside. I see the breakout of the rising channel in the background and potential for the downside movement.
Trading Recommendation:
Due to the breakout of the upside channel in the background and strong downside momentum, I see potential for further downside movement.
Watch for selling opportunities on the intraday rallies with the downside objective at $18.000.
Stochastic is showing extreme reading and potential for bear turn, which is another confirmation for the potential downside movement.
Key resistance is set at $21.700
