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BTC has been trading downside and the price tested the level of $9.000. I see potential chance for the gap fill and test of $8.770-$8.356. As long as the swing high at 9.934 is holding, there is the chance for the downside.
Yellow rectangle – Resistance level
Falling white line – Expected path
Horizontal lines – Support levels
Based on the 4H time-frame, there is potential for the gap fill and test of $8.770. BTC is trading in defined downward channel and the sellers are in control for now. My advice is to watch for selling opportunities near the resistance zone $9.165 with the downward targets at $8.770 and $8.350.¡Los informes analíticos de InstaForex lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaForex, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.