BTCUSD is potentially still in the midst of Wave 3. The price was clearly supported by 200 SMA in 4 hour chart. Wave iii of Wave 3 is short, therefore there could be a chance that wave v is extended. If the Wave v of Wave 3 is extended, it could reach around $12,000 - 13,000 range. I consider this good risk/reward trade (I already entered around $9700). Let's watch how the price behaves.