BTC did exactly what I expected yesterday. The price did hit our first objective target at the price of $9.865 and almost met second target at $9,512.Further selling opportunities are still preferable.
Yellow rectangle – Broken support
Green arrow – Next expected direction
Horizontal purple line – Second target (Fibo 100%)
MACD oscillator is showing good new momentum down in the background and I do expect at least another move downward. Key support is at $9,600 and resistance at $9,900 and $10.050. Bulls need to be very cautious as there is strong downward momentum in the background and potential selling the rally type of feeling. As long as the BTC is trading below that $10,050 there is a chance for potential more downside and re-test of the $9,600-$9,512.
