Pity to say but BTC pattern looks weak right now. Unfortunately last move was potentially trend breaking. I would hedge or exit BTC now or at 9550-9600. Short-term scenario is still controversal. We could go to daily target 7888 or return to 9600 area with "return to normal" mood. Bullish scenario is still possible if BTC goes there and hold for a while above. But more realistic that CME already smelt blood and will push from 9600 further. As far as we didn't have strong buyer at 9000 situation is dangerous. Long-term target for short scenario 15W is 4975.
Trade active:
$BTC downtrend is confirmed. 9200 is good point to enter short. 7888 the daily target to cover the short.
Trade closed: target reached:
BTC reached the target. To continue uptrend it should stay above 8050 for a while. If it's under 8000 for a while short scenario is on the go with target 4300-4800.
Comment:
Looks like the short scenario is on the way. Support seems weak here. Likely we're going to weekly target at 4500-4900