Technical analysis:
BTC/USD has been trading upside as I expected and there is potential for the further downside rotation.
Trading recommendation:
Due to the rejection of the resistance cluster at the price of $16.900, I see potential for the further downside rotation.
Watch for the potential selling opportunities with the downside objective at $16.780.
Stochastic oscillator is showing fresh downside cross, which is strong sign that sellers are in control.
Key resistance is set at the price of $16.950
