FX.co ★ BTC analysis for January 07,.2022 - First target reached and potential for another drop

Technical analysis:

BTC has been trading downside as I expected. The BTC reached my first objective at $41,800. Anyway, I see potential for further downside and another drop.

Trading recommendation:

Watch for selling opportunities on the rallies or continuation al patterns.

Downside objectives are set at the price of $39,475 and $37,485

Resistance level is set at thee price of $43,650

Short-term downside trend is still active since the bigger breakout to the downside that happened 2 days ago.