Bitcoin's retrace still hasn't taken its full form, it is a process still in the making (developing...).
After what appeared to be a bullish signal when prices moved and closed above EMA10, a rejection quickly followed yesterday and now prices are back below this level.
EMA10 is now sitting at $9761.8.
We continue to see lower highs being printed and really low volume.
If volume remains low, you can expect the "drop" or retrace to be slow and not so strong... But if volume starts to come in, we will see a big drop towards EMA100/MA200, sitting in the $8821.8 to $8900 price range.
Unless prices for BTCUSD move back above EMA10, we remain bearish, open for change, and expecting for the altcoins (smaller ones) to continue to gain.
Thanks a lot for reading. This is not financial advice.
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