Currently the bitcoin market is bearish and we do not know how long this could continue, it is wise to get out of the market at this point and hedge in usdt or any other reliable fiat. I hate to trade at such conditions, we may get as low as $7500 at this trend
Despite the fact that the Bitcoin price has broken down through the support at $10,000 and is moving downwards, the technical outlook for Bitcoin seems to be quite positive and there is a good opportunity to buy for short-term traders.
The more significant support is located at $9,000 and is not broken yet. There is no basis yet to conclude the the market will continue to decline.
The potential for a short-term upside retracement remains high, and there is an opportunity now to enter long with a tight stop-loss at $9,000 and a take-profit at $11,000 - the next significant resistance. In this deal, the risk/reward ratio is very attractive - 1:4.