Technical analysis:
BTC/USD has been trading downside as I expected and the price is getting closer to the downside objectives.
Trading recommendation:
Due to the strong downside pressure in the background and breakout of the rising channel, I see potential for further drop.
Watch for the potential selling opportunities on the rallies with the downside objectives at the price of $18.870 and $18.520.
Stochastic oscillator is showing fresh downside cross, which is good sign for further downside movement.
Key resistance is set at the price of $19.200
