Technical analysis:
BTC has been trading downside and there is the breakout of the rising channel in the background.
Trading recommendation:
Watch for selling opportunities on the rallies due to the breakout of the rising channel. Downside targets are set at the price of $34.900 and $31.500.
Stochastic reached extreme reading, so the light upside correction is possible before the downside continuation.
Key resistance is set at the price of $40.000