1. It's just a retracement, market will resume from $7k.
2. Price has also broken below the 200 which may continue a run to perhaps $5k & under.
The is currently hovering in oversold conditions (not saying I follow the reliability of the indicator), ideally I would like to see bulls break through $10450 area before looking to go long.
also why do you link an indicator in your analysis if you arent folowing it or think its reliable.
id go back to the drawing board