** BITCOIN POST-DUMP UPDATE**
Both bulls & bears were suffering during the whole period of flat, but bears suffered the most. Therefore, by the end of flat, almost every bear was fear of opening a new SHORT position.
But huge players were not afraid and yesterday, right before the dump happened, we saw a number of huge sales in the $9700 - $9800 zone. Therefore, this range is the most important for now.
Bulls were trying to protect their positions as well, so we saw a number of huge purchases in the zone of $9500, but they failed and the level was broken, and breakdown was confirmed.
So, originally we have two zone of interest: $9500 and $9700 - $9800. However, because the price dumped heavily, levels moved a little bit lower and now located at $9450 and $9570 - $9650.
Therefore, as long as the price remains below these levels, priority is SHORT in order to at least test the ascending trend support.
THANKS FOR GIVE ME SUPPORT.
