BTC update for March 16,.2023 - Extreme bullish condiiton, potential for the drop

Technical analysis:

BTC/USD has been trading sideways at the price of $24.680 and I see potential for the downside movement due to the breakout of the mini channel.

Due to the extreme bull condition and the downside breakout on MACD I see potential for the downside rotation.

Downside objectives-ares set at the price of $22.650 and $22.300

Stochastic oscillator is showing fresh bull cross but the MACD is still in the downside regime.

Key resistance is set at the price of $26.150