BTCUSDT 4H | Bitcoin market overview: Bears target - $9,500

Hello, dear subscribers!

In the last review, we talked about bulls should stay above the price of $11,000 in order to confirm their strength and continue the upward trend.
Buyers have not been able to stay above this level, after which the bitcoin market began to sell out and the price fell below support level $10,500. The lowest drop was $10,374. At the moment, the bitcoin market is in descending motion with targets of $9,500 - $9,700. Indicators MACD, RSI and OBV confirm descending movement. The MACD is in the negative zone and shows an increase in the strength of the bears. RSI is below 40 and still far from oversold area. OBV has dropped below 786,000 - support for upward movement, which indicates that the Bitcoin market has started selling out.

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