FX.co ★ BTC 11.07.2019 - Broken support trendline, potential for more downside

BTC is still trading inside of the few-day balance and near the resistance at $9.500. Anyway, there is the breakout of the most recent upward trendline, which is sign that sellers won the battle for now. I would prefer selling opportunities on the rallies.

The important support levels and downward targets to watch are set at $8.945 and at $8.608.

MACD is showing contraction and very low volatility. Anyway, MACD is in negative territory below the zero line, which his sign that sellers are in control.

Bollinger Band is showing contraction and the best thing to do is to watch for potential breakout of contraction (trading range) in order to confirm further direction.