Short term ; Support 10600 & 10200 || Resistance 10800 & 11000
As it predicted for the downside movement for BTCUSD after break the short term support on yesterday chart. currently hovering above 10750 usd and waiting for a next move what it would be.
My probability is the BTCUSD currently moving within the channel range, which the bottom channel is around 10500 - 10600 USD area. Which is also coincide with 200 SMA on 4 hour and 51 EMA on 1 day chart (see the white line)
1 day 51 EMA :
4 hour 200 SMA :
Break the 10500 support might a high probability correction toward 10000 or atleast trendline 1 will be tested (10200)
Indicators on 4 hour says a bearish momentum is currently dominating.
Thank you for your time to read this post and please take this idea as a grain of salt as reality always differ from what i expect as this post merely just an opinion.
and please feel free to share what your thought on comment section.
peace.