You can see that the latest drop is because the price touched the blue trend line which has became a resistance as the effect of previous broken support.
Currently, the bears are still in the control of the price, and the price is coming closer to the upper line of the previous broken resistance as well. This area is now become a support with a lot of confluence zone because it has a confluence with the golden pocket, green strong support trend line and the white upper line of the falling wedges.
So, $9200 will become a crucial level. breaks below this will leads the price to much lower level in the market. But, if this level holds, we'll see another push toward $10000 region.
Currently, the bears are still in the control of the price, and the price is coming closer to the upper line of the previous broken resistance as well. This area is now become a support with a lot of confluence zone because it has a confluence with the golden pocket, green strong support trend line and the white upper line of the falling wedges.
So, $9200 will become a crucial level. breaks below this will leads the price to much lower level in the market. But, if this level holds, we'll see another push toward $10000 region.