BTC analysis for August 11,.2021 - Rising wedge in creation, potential for the drop towards $42.750

Technical analysis:

BTC has been trading sideways at the price of $45,900. Anyway, I see potential for the drop towards $42,750.

Trading recommendation:

I found the rising wedge pattern in creation, which is sign that buyers losing power and that sellers might take control.

Watch for selling opportunities on the breakdown with the first target at $42,75.

Resistance is set at the price of $46,600