After a run we have seen a consolidation move that has lasted around 2 months. The strong support at 9950 ha been tested many times, the last of which was a very strong move followed by a weak recovery to touch the MA50. has been losing strength during those 2 months and I believe this is a sign that Bitcoin could break down for the time being.
That being said, we are being faced with various levels of support. The first one will be the from beginning of April (start of run) at around 9300 which is also a weak horizontal support, then we have support at 8400, if thats broken we will face MA200 and the very strong support at 6000. I believe we can see Bitcoin back at that level before it resumes another run.
Trade safe my friends!!
It could also just skyrocket from the trendline. This is a game of probabilities and I think the odds are in our favour by shorting right now and keeping an eye on any bullish move to exit the position