1. We have to break upwards 2 key areas - the 9260 and the 9520 area - then it seems we go up (red lines).
2. If BTC fail at one of this levels we go down (blue lines).
3. We go down as the whole day from the 9100 level.
I personal would not short atm. Better wait for confirmation of a clear trend.
If we break 9k again and visible...then blubb.
I think that's the path we go the next 24 hours.
The lines I draw are beside classical TA. I try to visualize my investigation (on-chain, the market at all, mass psychology, market makers plans, inside views etc.)
In my past Idea, you see BTC played out like this for the first step. Have to work a little bit on the timing ;-)
Greetz and good trades,
that's what I expect in the next days. Down around 9500 and then around 9000.
I don't think that we are going deeper than 9000.
To many "big interest" stay against this. Imagine the mining industry: They suffer from the losses earlier this year and they need the BTC not deeper than 6000. To close the year with a big plus they need the double of this....