BTC TA - Heading For a Retest

BTC formed a bottom on the 4-hour chart. What's next?

First thing first, we are going to retest the $9200 level, and if we stay above it that, it would be pretty bullish.

However, we might retrace to $8500, or maybe $8700 before heading to $9200. In another scenario, we could just go straight for $9200. I prefer the first one because it would be more bullish. 

Dropping back to $8700 would make a higher low, which is pretty good. Dropping to $8500 would form a double bottom pattern which is even better!