Technical analysis:
BTC/USD has been trading sideways this morning and I see potential for the downside rotation due to the strong resistance in the background.
Trading recommendation:
Due to the breakout of the trading range in the background and potential for downside continuation, I see further selling opportunities.
Watch for the selling opportunities on the rallies with the downside objective at the price of $18.600.
MACD oscillator is showing upside reading but with no big upside momentum, which can be a sign for the downside rotation.
Key resistance is set at the price of $19.600