Technical analysis:
BTC/USD has been trading downside this morning. I found rejection of the key resistance at the price of $18.200. I see potential for further downside movement.
Trading recommendation:
Due to the rejection of the resistance cluster in the background and strong downside condiiton, I see potential for further drop.
Watch for the potential selling opportunities on the intraday rallies with the downside objective at $15.700.
Stochastic oscillator is showing overbought condiiton, which is sign that buyers went into intraday extreme condition.
Key resistance is set at the price of $18.200
