Short term; Support : 9776 USD & 9100 USD || Resistance : 10100 USD & 10300 USD.
Price action is leaning more for bearish posture as it's cannot even maintain to break 2nd down trendline and fall down below 10.000 USD.
As long below 2nd downtrendline it's more likely a bearish price action play out Although there's still a change for bull trend to save this while the price action on 4 hour as the recent price action still made a lower high and manage to bounce above 2nd downtrendline with a bullish momentum.
Indicators leaning toward bearish for now on 4 hour timeframe.
Indicators from top to bottom (4 hour timeframe) :
ADP : it's on a Distribution level (below 50%) as it's fail to get above the accumulation zone (above 50%) meaning as the lack of interest of buyer within this current price action.
MACD : Macd histogram loom a seller histogram that bigger than previous sell histogram. A positive divergence for bearish momentum although there's a struggle for MACD line to break below bearish zone.
DMI : -DI (Seller Power) is above +DI ( Buy Power) While ADX is still low.. Meaning there's more to come for upcoming momentum in which currently dominate in short future/ you will see more major price movement ahead for dominating momentum which currently bearish.
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, any relation between my posts toward any of your trading decision would be on your own consequence. please feel free to share what your thought on comment section.
peace.