Bitcoin recovery update

📊 BTC/USD update:

Currently, there are two scenarios which we are likely to witness in the nearest time.

Scenario #1: Recovery attempt.
Since BTC reached 7500 it started reversal upward movement. Unfortunately, as we have seen previously, these attempts didn't last longer than just couple days. Our next resistance zones are 8800 and 9400. We are likely to see further growth, at least till 9000. Inability to pass 8800 and 9400 will trigger Scenario #2.

Scenario#2: Failed recovery

In this particular case, if BTC will fail to move over previously indicated resistance lines, then our next stops are: 8100, 7700 with an opened possibility to move down to 6600. The market is still bearish, so if you want to buy BTC - do it only to sell around 8800 and 9400 levels. Otherwise, I don't see any significant signals of market recovery.