Technical analysis:
BTC has been trading downside and I found rejection of the key resistance at the price of $17.100, which is sign that there is potential for the downside rotation.
Trading recommendation:
Due to the rejection of the resistance at $17.100, I see potential for the downside rotation towards lower references.
Watch for the potential intraday selling opportunities with the downside objective at $16.200.
Stochastic oscillator is showing fresh downside cross, which is strong sign that sellers are in control.
Key resistance is set at the price of $17.100
