BTC update for August 31,.2022 - Potential for the downside rotation of the resistance

Technical analysis:

BTC/USD has been trading sideways at the price of $20.300 and i see potential for the the downside rotation towards lower reference point.

Trading recommendation:

Due to the test and reject of the resistance at the price of $20.500, I see further downside movement.

Watch for potential selling opportunities on the intraday rallies with the downside objective at the price of $19.700.

Key resistance is set at the price of $20.500