FX.co ★ BTC analysis for February 21,.2022 - Strong downside presssure and potential for bigger drop

Technical analysis:

BTC.USD has been trading downside this morning as I expected and price tested my first short-term objective at $39,000 but I see potential for the second and third target in next period.

Trading recommendation:

Due to strong downside momentum and short-term downside trend, I see potential for further downside movement.

Watch for selling opportunities on the intraday rallies with the downside objectives at $36,650 and $33,154.

I see no signs for the reversal, which is another sign of the strong control from sellers.s...