Technical analysis:
BTC has been trading downside as we expected. The BTC is heading towards 100% projection at $38,000.
Trading recommendation:
Due to strong downside pressure and the breakout of the 5-day balance, watch for selling opportunities on the rallies.
Downside target is set at the price of $38,000
Stochastic is showing another fresh bear cross on the daily time-frame, which is good confirmation for the downside movement.