FX.co ★ BTC 09.06.2019 -Major resistnace on the test and bearish divergence on the MACD oscillator

Bitcoin 4H time-frame:

MACD oscillator on the 4H time-frame is on the bear divergence, which is first sign for potential downward rotation. Important resistance at the price of $10,860 is holding so far. I didn't find any stronger reaction after the most recent Non-Farm employment change, which is indication of potential weakness for the BTC. Buyers should be careful near the $11,000 cause it is strong resistance and there is bear divergence in the background on the MACD oscillator.

Bitcoin Forecast and recommendations for traders:

Bitcoin is in overall consolidation phase but most recently I found bear divergence on the MACD oscillator, which is sign that there is chance for more downside and potential of $10,392 or $9,453. Thus, I recommend selling cryptocurrency with the first target at $10,392