Bitcoin is beginning to weaken as riskier asset classes begin to come under downward pressure during the European trading session. The BTCUSD pair risks further heavy trade losses toward the $ 9,000 level if the $ 9,300 support level breaks. In the future, bulls will need to anchor the price above the $ 9,700 resistance level to encourage short-term BTCUSD technical purchases.
The BTCUSD pair is only bullish while trading above the $ 9,300 level, key resistance is found at $ 9,700 and $ 10,080 levels.
If the BTCUSD pair trades below $ 9,300, sellers can test the support levels of $ 9,000 and $ 8,700.