Technical analysis:
BTC/USD has been trading downside as I expected yesterday. The price reached first downside objective at $41,600 but I still see potential for further downside.
Trading recommendation:
Due to strong downside momentum and breakout of support in the background, I see potential for another drop on BTC.
My advice is to watch for selling opportunities on the intraday rallies and continuation al pattern with downside objectives at $39,000 and $36,650.
Second downside wave is still in development, which is another confirmation for further downside.
Resistance is set at $41,600