¶ $BTC is retesting the lower $10k support for
further consolidation.
The $10k support is an important one because it's also a psychological level. If it breaks it, people can start panic selling just because of the simple fact that the price is in the single digits again, and not in the double digits (hence the psychological level).
The next strong support is in the $8k area, so if the $10k one is truly broken, the possibility is that it could drop to $8k and test this one too.
On the otherside, it can also successfully test the $10k support right now and bounce back to the $12-13k area.
Any of the 2 scenarios could happen, be prepared for both.
What can you do?
Try not to get into too many short term trades right now, unless you really know what you're doing. If you have mid/long term investments, very well, you have nothing to worry about, the market will recover. When it comes to short term, the volatility is too high right now, anything can go north/south real quick and you don't want to be caught in the middle while trying to time the market.
