Further Development
Analyzing the current trading chart of BTC, I found that there is completion of the upside correction ABC and potetnial for the downside wave.
My advice is to still watch for selling opportunities on the rallies using the intraday time-frames.
Downside targets are set at $47,280 and $43,300
Stochastic is in overbought condition and got bearish divergence of the slower line, which is another sign for the further downside movement.
Key Levels:
Resistance: $52,000
Support levels: $47,280 and $43,300