Technical analysis:
BTC/USD has been trading downside as like I expected. The price is heading my first downside objective at the price of $18.413.
Trading recommendation:
Due to the strong downside pressure in the background and rejection of the key resistance at the price of $19.600, I see potential for further drop.
Watch for the potential selling opportunities on the rallies with the downside objectives at the price of $18.400 and $17.700.
MACD oscillator is showing downside momentum, which is good sign for further downside movement.
Key resistance is set at the price of $19.500
