a low was formed at $9,400 with expanding volumes and a lower shadow yesterday. Today, BTC starts a minor rally without breaking below the low, indicating that price receives effective support around that price, short-lived as it is, we can still draw a conclusion that momentum from bears is weakening. In terms of volumes and momentum, however, bulls keep silent, making me believe that a minor bounce seems more reasonable. After reaching to MA 5, price will keep dipping as the overall trend remains bearish.

Original by Kuang Ren, translated and posted by AICoin Jami.

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