Looking at the daily time-frame, Bitcoin has bounced up to, and then rejected off the 21 EMA.
A move above the 21 EMA at about $10800 could lead to further upside, perhaps as much as 12.2k (and possibly beyond, ultimately).
However, failing to cross the $10800 level would most likely lead to further downside. Breaking the 55 EMA at about $9800 could lead to a much deeper fall towards the 200 EMA at around $7500.
I am not long or short here until some confirmations about trend direction - but might look to take a scalp or two in the interim.
Happy trading - leave a like if this is helpful for you :)