Technical analysis:
BTC/USD has been trading downside as I expected, the price has reached the first downside objective at $21.500.
Due to the strong downside pressure and the breakout of the flag pattern, I see potential for the downside continuation.
Next downside objective is set at the price of $20.700
MACD oscillator is still showing downside reading, which is sign that sellers are in control.
Key short-term resistance is set at the price of $22.200