The breakthrough of the level of 10500 kept bearish sentiment in the market, which will soon lead to the renewal of another important support in the area of 9500.
Signal to buy Bitcoin (BTC):
Buyers failed to keep bitcoin above the support of 10500, which led to a further decline in the exchange rate. At the moment, the level is "smeared" and the level of 9800, therefore, I recommend making the entire emphasis on purchases in the area of 9500 USD, or slightly lower, from a minimum of 9250. The main goal of the bulls will be to break and consolidate above the resistance of 10430, which will lead to the renewal of the maximum of 11000, which is a fairly large level.
Signal to sell Bitcoin (BTC):
Bears will seek to test supports of 9500 and 9250, where I recommend making a profit. A more optimal scenario for opening short positions is a false breakout in the resistance area of 10500 or a rebound from the resistance of 11000 USD.
