BTC analysis for January 18,.2022 - Watch for the breakout of key level

Technical analysis:

BTC has been trading inside of the trading range but there is chance for the downside breakout.

Trading recommendation:

Watch for potential breakout of the consolidation and key support at the price of $41,400.

Downside objectives are set at the price of $40,570 and $39,650 (Pinbar low)

Key resistance is set at the price of $44,330

Short-term trend is downside