On our daily we possibility of retesting the bigger down trend is increasing. There have been a good amount of shorts entered in this area for people who want to see sub $9,000 $BTC. Those shorts can help fuel the breakout run up to higher time frame down trend.
As a reactive trader, I would trade the more confirmed moves. Currently looking at $12,000 and $13,000 for long position plays. As well as $10,000 and $9,000 for a short play.
Market : Neutral
Overall Trend : Down
Current Play : Lower time frame swing trading