FX.co ★ BTC analysis for February 22,.2022 - Downside continuation in play

Technical analysis:

BTC/USD has been trading upside this morning but I still see potential for further downside continuation.

Trading recommendation:

Due to short-term downside trend, I see potential for the downside continuation on the rallies.

Watch for selling opportunities on the rallies with the downside objectives at $35,600 and $33,170.

Additionally, downside trend line is still active and there is no sign for the reversal of downside cycle, which is good confirmation for further lower prices.

Resistance level is set at the price of $38,00