After multiple rejections around the $9,500 level, it is logical to speculate that BTC is going to break $9,000 if it gets rejected one more time and closes below $9,000 (200-d SMA) on the HTF charts (4-h and above).
The 4-h cloud seems to be acting as a support and further sideways price action above $9,000 is actually bullish for BTC in the long run.
Simple order book analysis through third-party data providers indicates that there are a lot of demands sitting from $8,600 to $9,000. There's also the CME gap at $8,600 that is waiting to be filled granted there's no guarantee that gaps will be filled right away and it might even take weeks or months before such things happen.
The 4-h cloud seems to be acting as a support and further sideways price action above $9,000 is actually bullish for BTC in the long run.
Simple order book analysis through third-party data providers indicates that there are a lot of demands sitting from $8,600 to $9,000. There's also the CME gap at $8,600 that is waiting to be filled granted there's no guarantee that gaps will be filled right away and it might even take weeks or months before such things happen.