Technical analysis:
BTC has been trading downwards and it confirmed the fake breakout for the supply trend line, which is indication for the further downside movement. I see further drop on BTC towards the $8,000 level.
Trading recommendation:
Based on the 4H time-frame price action chart, I found that there is fake breakout of the resistance at the price of $9,400, which is big clue that sellers took control over buyers.
Watch for selling opportunities on the rallies using the intraday charts like 15/30 minutes for better entry location.
Downward reference and target is set at $7,800
