Bitcoin came back to next strongest support at 9600. That was our first short target ✅ Now bounce to 9730-9800. Possible after the bounce BTC will slip lower to 9420 and 9230. Bounce from ~9420 would be very bullish, as it won't break the trendline.
News sell off was logical, since after hitting 10k BTC appeared in global news again. But as it overgrown March dump level, no doubt King is reversing towards bull trend at macro. Let it drop, buy the dips and enjoy alts while they have small relief rally.
May 8th post: But be careful. BTC haven't tested previously broken SRs at 9600 / 9450 / 9230 yet.
Resistance: 10090 ✅ 10550 - 10767 - 10962
Support: 9600 ✅ 9450 - 9235 - 9030 - 8900
😱 Fear & Greed index: 56 (<= 55 <= 49 <= 42)
👑 BTC Dominance: 67.2% (<= 67.9 <= 67 <= 66.2)
⚙ 24h Volume: $162 billion (<= 201 <= 164 <= 145)