BTC analysis for August 25,.2021 - Breakout of the bracketing market and potential for further drop

Technical analysis:

BTChas been trading downside today and I see potential downside continuation in the next period.

Trading recommendation:

Watch for selling opportunities on the rallies due to the breakout of the bracketing market in the background.

Downside target is set at the price of $44,000.

Stochastic oscillator is showing overbought reading and fresh bear cross with good price action for the downside continuation.

Key resistance is set at the price of $50,000