BTC has been trading downside and the price tested the level of $9.000. I see potential chance for the gap fill and test of $8.770-$8.356. As long as the swing high at 9.934 is holding, there is the chance for the downside.
Yellow rectangle – Resistance level
Falling white line – Expected path
Horizontal lines – Support levels
Based on the 4H time-frame, there is potential for the gap fill and test of $8.770. BTC is trading in defined downward channel and the sellers are in control for now. My advice is to watch for selling opportunities near the resistance zone $9.165 with the downward targets at $8.770 and $8.350.
