Look for downside if BTC breaks 9000, it would mean BTC is in a very bearish M pattern with lower highs.
It would also confirm a breakdown out of a downwards channel, this would not be good for BTC and could potentially send BTC much, much lower.
But if we bounce here and start making some upside, this can be still okay for BTC.
If it breaks, I will look for next support at 8500, but lower potentially lower over time.
It would also confirm a breakdown out of a downwards channel, this would not be good for BTC and could potentially send BTC much, much lower.
But if we bounce here and start making some upside, this can be still okay for BTC.
If it breaks, I will look for next support at 8500, but lower potentially lower over time.
