BTC UPDATE: Bitcoin continues to trade in a dominant declining short-term trend, although the long-term picture is getting oversold and a durable bottom might be close now. With that in mind, even as we expect a test or a dip below the crash low near $9000, long-term investors could still add to their positions near the main support levels, while short traders should remain cautious here. Primary resistance is ahead at $11,300, while below $9000 further support is at $8200 and $7650.