On the 4-hour chart, we see an uptrend that started yesterday with $9,000. At the moment there are no reversal signals, we touched the resistance zone from above - $9,800 - $10,100. The local resistance zone below is the price - $9,300. Our yesterday's review of the daily bitcoin market indicated the possibility of forming an upward trend, with a consolidation at 9.250, which happened.
The bulls quickly developed the offensive and increased the price to 9,950. Before continuing the bull attack, we can observe a decline to $9,300. The fixation below will signal the formation of a downtrend, with targets $9,000 - $8,600. Wide enough range of falling before halving, formed a wide area for price movement, it is a good sign for traders, as high volatility promises good profit.
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