POLONIEX:BTCUSDT   Bitcoin / Tether USD
The price reached 10 000 level. We can consider this level as a key one. This level is the perfect for fixing profit from long positions which were opened on the previous major dips.We should be ready to see a price reversal from 10 000 level with further downward movement to a support zone at 8000.00 level. This zone will be good for new long positions opened based on reversal signals. If we look at the indicators now, MACD is goign to support downward movement. RSI confirms price reversal from 10 000 level and do it in the overbought zone. Only DMI shows strong upward movement. Can the price break the resistance level? Sure, because the market is supported by strong fundamental news. New big buyers have power for pushing the price to the new highs. But buying based on a breakout above 10 000 level, it's looks like a stupid idea. We'll have a chance to get a bullish trap and stay with long positions opened on the top. That's why buying on the nearest dip, it will be our new target. And what do you think avout this market? Please, share your thoughts in comments.

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