BTCUSD bearish below $9,300

Bitcoin attempting to build short-term upside momentum after sellers failed to hold price under the $9,100 support level yesterday. BTCUSD bulls need to anchor price above the $9,300 level to encourage technical buying towards the $9,800 resistance area. If sellers gain back control under the $9,100 level then the BTCUSD pair could easily decline back towards the $8,800 level.

• The BTCUSD pair is only bullish while trading above the $9,300 level, key resistance is found at the $9,800 and the $10,100 levels.

• If the BTCUSD pair trades below the $9,300 level, sellers may test the $8,800 and $8,400 support levels.