With the steady increase in the price of BTCUSD , the bull are really not strong to hold that price more to the upside. On the 2 hours time frame the price chart of BTCUSD has been spotted forming a . This is indicating price reversal to the downside, after the breakdown from the . A is formed during a steep, almost vertical, downtrend.
After that sharp drop in price, some sellers close their positions while other sellers decide to join the trend, making the price consolidate for a bit.
The most important level is the breakdown before taking any trade.
Support 1- $10356.0
Support 2- $10215.6
Support 3- $10037.4
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Ideas published should not be referred to as an investment advice.