Technical analysis:
BTC has been trading in downside trend and I see no big reversal yet, which is sign that BTC can trader further downside.
Trading recommendation:
Due to strong downside trend in the background, I see potential for the downside continuation after the upside correction.
Watch for selling opportunities on the rallies with the downside objectives at $37,625 and $37,000.
Key resistance set at the price of $39,700