Technical analysis:
BTCUSD has been trading sideways at the price of $40.500 and I see potential for the downside movement due to lack of buying power.
Trading recommendation:
Due to failed test of the median Pitchfork trend-line, I see potential for the downside movement.
Watch for selling opportunities with the downside objectives at $37.500 and $34.600.
Stochastic oscillator is showing overbought condition and fresh bear cross, which is sign for the further downside movement.
Short-term trend is neutral