Technical analysis:
BTC has been trading upside in the past 10 hours but there is still potential for the downside swing to develop.
Trading recommendation:
I found the breakout of the rising wedge correction and failed re-test of the previous high, which is sign that downside movement is expected.
Watch for potential selling opportunities with the downside targets at $38.550, $35.300 and $29.000.
Key resistance is set at $42.500