Technical analysis:
BTC/USD has been trading upside but the strong resistance level at $19.500 is on the test. Potential downside rotation is possible.
Trading recommendation:
Due to the strong downside momentum in the background and test of key resistance, I see potential for the downside movement.
Watch for the potential selling opportunities with the downside objectives at the price of $18.413 and $17.700.
Stochastic oscillator is showing fresh downside cross from the overbought zone, which is good sign for further downside movement.
Key resistance is set at the price of $19.500
