Bitcoin: 10 000$ as Solid Support for Buying

The price couldn't break the resistance zone formed by SMA200 and 11 000$ resistance level. We got the price reversal with a further downward movement. The price broke SMA50 and it gave a solid bearish signal. So, what's next?

The nearest support zone is at 10 300$ level. If the price bounces from it, probably we will see a new upward movement with a new attempt to break 11 000$ resistance.
If the price breaks the support zone, the next one will be at 10 000$. The price reversal from that zone looks like a very interesting buying opportunity.

I would like to open new long positions for swing trades using 10 000$ and reveal signals from the hourly charts. And how do you plan to trade in this market? Share your trading ideas in the comments!



Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.