Either right now or around 9-9.2K area

Morning everybody,

Last time we've talked about market weakness and possible trigger of bearish scenario if market will break recent lows. But, somehow BTC has found some power to show deeper retracement, which, actually we were
waiting last week. Anyway, we consider two levels, where market potentially could start dropping from. First one is where it stands right now - this is K-resistsance, combination of two different Fib levels and few targets - minor AB-CD and big flat AB-CD (not shown here).

Still, taking in consideration that BTC shows fast upside action, level could be broken. In this case we follow the target of Double Bottom which agrees with major 5/8 FIb resistsance here of 9.3K area.

Besides, on daily chart 9-9.2K level is natural support/resistance zone. Thus, it is most probable candidate to stop upward action.