BTC has been trading downwards. As I expected, the market is trading lower and aproaching the key support level at $8,900. I see potential for the bigger drop in case of the downside breakout towards the $7,800
Watch for potential selling opporutnities in case of the downside breakout of support at $8,900.
Stochastic is showing fresh bear cross, which is another sign and confirmation for the downside rotation.
Bigger downside target is set at $7,800
Key ressistnace is set at $9,380
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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