FX.co ★ BTC update for May 19,.2022 - Breakout of Inisde day in the backgorund

Technical analysis:

BTC has been trading downside yesterday and I found breakout of the inside day to the downside, which is good sign for further downside continuation.

Trading recommendation:

Due to the the strong downside cycle and breakout of inside day, I see potential for further drop towards next downside reference.

Watch for potential selling opportunities on the intraday rallies with the downside objective at $25.605.

Stochastic is showing and fresh bear cross, which is sign for the further downside movement.

Key resistance is set at $35.500