Technical analysis:
BTC/USD has been trading upside in the background but there is the rejection of the key resistance level at $1.680, which is sign that sellers are still in control.
Trading recommendation:
Due to the strong downside trend in the background and breakout of the key support at $1.680, I see further drop towards $1.570.
Watch for the potential selling opportunities on the intraday rallies with the downside objective at $1.571.
Stochastic oscillator is showing fresh downside cross,which is good sign for further downside movement.
Key resistance is set at the price of $1.680
