Technical analysis:
BTC has been trading sideways today at the price of $31.600. Key resistance is set at the price of $32.500 and I see potential for the downside movement.
Trading recommendation:
Due to the strong downside cyle in the background and key resistance on th test, I see potential for the downside movement.
Watch for selling opportunities with the downside objective at the price of $29.700.
Stochastic oscillator is showing overbought condition, which is sign for the potential downside rotation.
Key resistance is set at the price of $32.500