A daily close above the would confirm bearish-to-bullish trend change and could yield rally to $11,695 (Jan. 28 high). A violation there would expose resistance at $12,500 (Dec. 30 low)
scenario: Rejection at followed by a 4-hour close below $7,540 (Feb. 2 low) would shift attention to $5,873 (Feb. 6 low).
BTC could test the $10,000 mark in the short-run
On the downside, a daily close below $7,724.9 (Feb. 9 low) would add credence to bearish weekly chart and could yield a drop to $5,000.
so far all signals are positive.