FX.co ★ BTC update for April 07,.2022 - Potential for downside continuation

Technical analysis:

BTC has been trading downside in the background and I see potential for the downside continuation towards next lower reference points.

Trading recommendation:

Due to strong selling pressure and weak rally today, I see potential for the downside continuation.

Watch for potential selling opportunities on the rallies with the downside objective at the price of $41.000.

Stochastic oscillator is showing oversold condition but MACD is still in strong downside momentum.

Resistance level is set at $44.300