Bitcoin has formed up a pattern on H4 timeframe.
* After retesting $10,000 round level, BTC has retreated to the important (long-term) Support of $9,300.
* Failing to break $10,000 from the second attempt, now the Bulls have to consolidate at lower levels before making the third attempt.
* Despite $9,300 is a strong level - the long-term Support of the large triangle, we think that the Bears could push the price downward from here - to test the next Support at $8,500 - $8,600.
* Indicators confirm a Short idea with making lower high on the second rise attempt as well as having left the oversold area, while gradually turns negative.
* At the same time, our mid- to long-term scenario remains LONG.
Speculative trade signal
Sell @ $9,300 - $9,400.
Target: $8,500 - $8,600.
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