Let’s also highlight one reason why we expect a more substantial rebound across the market. So far, we’ve only added a small amount to our short position.

The reason is that, besides BTC, 26 other assets in the TOP 200—including ETH, DOGE, and XRP—also have potential-low markers on the current 12-hour candle on the 12-hour timeframe.

Looking at DOGE, note how these markers played out last time—with a noticeable rise and the breaking of downtrends on the 12-hour timeframe.

So why do we think things will be different this time? Because of the signals we’ve already mentioned and have been analyzing over the past two weeks: widespread potential top signals on the 3-day and weekly timeframes, including a Strong signal. We’ve said all along that the market is waiting for a correction.

Yesterday’s impulse, against the backdrop of these signals, showed that the August–September rally is running out of steam. Our forecast remains unchanged: that very correction has begun. We first predicted it would start in the “window” from September 28 to October 18, then on October 4 narrowed the end of the “window” to October 13.

The potential top signals on the 3-day and weekly timeframes are playing out. And as long as BTC and altcoins maintain their downtrends on the 12-hour and 18-hour timeframes, we’ll continue to wait for the correction of the recent pump to develop. With the important caveat that this correction is a good time to buy for the long term.