Bitcoin price fluctuates near the EMA50, and moves within the intraday bearish channel that appears in the image, which supports the continuation of our bearish trend expectations on the intraday basis, targeting testing 9855.80 level mainly.
Holding below 10600.00 is important for the continuation of the expected decline, where breaching it will push the price to begin new recovery attempts that target 11342.10 levels on the near term basis.
The expected trading range for today is between 9855.80 support and 10600.00 resistance
The expected trend for today: Bearish