Description
⋅ We are of the same view here with Bitcoin (XBTUSD) printing a lower high and now closing below EMA10... Prices can drop lower.
The immediate support is sitting at $9333 or EMA50, this is the next level to look at if Bitcoin moves lower.
Followed by $9174 or MA200.
Additional support levels are marked with blue dashed lines.
The immediate resistance is now at $9750 or the last high.
"Strong resistance" is found right above it in the $10,000 - $10,500 price range.
We go bullish above this level (10/10.5k), bearish below.
We are looking bearish on Bitcoin right now.
Namaste.