BTC update for April 03,.2023 - Rejection fo the resistance zone

Technical analysis:

BTC/USD has been trading downside as I expected and I see potential for the further drop towards lower reference.

Due to the rejection of the key resistance zone in the background, I see potential for the further downside movement towards lower extreme of the trading range.

Downside objective is set at the price of $26.725

MACD is showing bearish reading, which is good sign for the downside movement....

Key resistance is set a the price of $28.800