bitcoin back again below 10400, what next? here's my thoughts

the price level is back under the all time 10400 usd level. this has been the most looked at and critical level hence there is no way i would trade bitcoin at this level THIS TIME. traders should wait for a confirmation for bitcoin to either rally back upwards or drop to 8500 short term price support. for as far as my knowledge guides me, its a great thing if bitcoin drops down to 0.5 fib and shows signs of strong support. that will validate the classic bull market retracement level.

8200 best support.
8500 buy order for spot traders
margin and futures traders, only wait for correct time and risk management to trade.
hodlers? well..... keep hanging in there.

if prices rallies up from this point, wait for daily candle to close.