#BITCOIN - Trend is Bullish, but We Need a Correction

To be honest, not the easiest update, difficult situation on market. Volumes are concentrated at $9850 level. The closest support is located at $9680, the strongest local support is $9450 - $9550, lower only $9200.

Market is overheat and overbought, moreover we are located at the i-ii wave which is a correctional phase. If the price breaks through the $9850 level, it would face the next resistance at $9950 and with >70% probability we would see a rejection from this level.

The only case where BTC breaks $10000 level is confirmed breakout of the $9900 with fixation above the one. But anyway, the asset is located inside the big ascending channel and drop even to $9200 won't break the support level. Overall trend is strongly bullish, but market needs to chill out.