has staged a minor recovery from the $9,100 support level
, following the early breakout below the July 2nd trading low. Daily price closes around the $9,600 level are now key and are likely to be the next directional catalyst for the BTCUSD
pair. Short-term technical indicators also have a much-needed bullish
correction are reaching extreme oversold conditions on Wednesday.
pair is only bullish
while trading above the $9,600 level, key resistance is located at the $10,000 and $10,400 levels.
If the BTCUSD
pair trades under the $9,600 level, sellers may test towards the $9,100 and $8,800 support levels.