Bitcoin - Intraday - We look to Buy at 9600 (stop at 9200)
Afternoon dips were bought into and follow through bullish momentum resulted in the market moving higher. A bullish hammer has been posted as prices reject the lower levels. The medium term bias remains bearish. Although the bears are in control, the stalling negative momentum indicates a possible turnaround is possible. We look for a temporary move higher. Preferred trade is to buy on dips. Our profit targets will be 10500 and 11000