Bitcoin meets 3 month trend line resistance at 9800/9850 & the 200 day moving average at 10100/130 today. I do believe we will resume the bear trend now but stop out of shorts & reverse in to longs if a sustained break above 10250 is seen.
We have already rejected that resistance & headed lower to our targets of 9550/9500 & 9360/30. New levels for today: First resistance at 9440/60 could hold a rally (we topped exactly here on Tuesday) but above here targets 9620/60 before the resistance mentioned above.
First support for at 9140/9110 but longs are risky in the bear trend. A break below the 100 day moving average at 8890/70 is a sell signal targeting minor support at 8650/8600.
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