BTC update for May 05,.2023 - Channeling mode intraday

Technical analysis:

BTC/USD has been trading upside this morning but I found rejection of the intraday resistance at the price of $29.400

Due to rejection of the resistance in the sideways regime, I see potential for the downside rotation today towards lower reference.

Downside objective is set at $28.755

Short-term support is set at the price of $29.400