The price is located in the dangerous for bulls zone - that's the reason why we don't see huge buy volumes there. Green volumes will start increasing after confirmed $9720 breakout and clean up-ward vector.
We can also see a number of big spikes which triggered LONG stop losses, during these squeezes big traders (mostly whales) were accumulating $BTC. However, taking into account the situation on $ETH and overall $BTC chart, we can conclude that very short-term priority is SHORT.
But when I look at this spikes below $9500 support, I can't tell that global priority is SHORT, no. Ideally, the price should touch $9500 once again and then goes upwards. However, it also can go upward from current points, if the resistance $9720 is broken.
We can also see a number of big spikes which triggered LONG stop losses, during these squeezes big traders (mostly whales) were accumulating $BTC. However, taking into account the situation on $ETH and overall $BTC chart, we can conclude that very short-term priority is SHORT.
But when I look at this spikes below $9500 support, I can't tell that global priority is SHORT, no. Ideally, the price should touch $9500 once again and then goes upwards. However, it also can go upward from current points, if the resistance $9720 is broken.
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Crucial level $9720 was broken upwards and breakout is confirming. Also, there was a bunch of LONG-squeezes below $9500 at which we can see a massive purchases.
Moreover, #ETH is bullish and it seems that we are ready to come back. The first target is $10100 now.