A pullback from 9k was predicted by those much smarter than myself in this space.
On the way down to 6k, I recall there was a good amount of buying pressure 8k initially. Of course, volume spiked enormously at 6k. Those who bought even on the way down at 8k were more than happy to sell off at 9k, hence the sell-off.
Don't take my word for it and do your own research! However, it seems we will test resistance over 9k again (maybe 9.2k?), get rejected, and pullback down to 7.3k over the next few days. Keep an eye on the RSI and price action.
Long term, I am personally looking forward to US Tether issue to be resolved. It's been hanging over all of our heads for too long. Might as well rip the band-aid off soon rather than have it drag out for years.
There's a lot of exciting projects upcoming that I am currently researching that I would like to discuss in future posts! I am seeking out more technical people who can identify ups and downs of these projects-- the concept is only as good as the execution they say.
Please let me know your thoughts.
Happy trading everyone!