Bitcoin is starting to correct lower after the number one cryptocurrency found strong technical resistance from the $9,400 level. Bulls need to defend the $9,200 support level to encourage bulls to attack back towards the $9,400 resistance level. A bullish breakout above the $9,400 resistance level may inspire an important technical test of the $9,800 resistance level.
The BTCUSD pair is only bullish while trading above the $9,200 level, key resistance is found at the $9,400 and the $9,500 levels.
If the BTCUSD pair trades below the $9,200 level, sellers may test the $9,100 and $8,900 support levels.