By the end of the day on August 27, the BTC course did not bring any greater clarity. The technical picture remains contradictory.

On the one hand, after buyers restored a stable uptrend on the 1-hour and 1.5-hour timeframes and demonstrated a concentration of targets at $81,988 or even $83,055—there are no signs of seller strength. Their intraday maximum is a steady downtrend on the 10-minute timeframe with baseline targets up to $79,434, but even reaching it is not possible. Everything is pointing to its break.

On the other hand, meanwhile, the tags of the potential “top” are accumulating. There are already three tags on the 3-hour timeframe, one on the 4-hour timeframe. And this is despite already having two tags on the 12-hour timeframe (the third one we’ll get in a couple of hours). And with all the still relevant and very significant, unbroken three Strong signal “top” tags on the daily timeframe. Plus, all the growth from August is starting to fit something like a “bearish wedge.” Under other conditions, if buyers didn’t show such strength, this would be a “spoiler” for a very strong drop.

So it all looks like the trigger that will put the dots over the “i” and help the market decide is most likely the Friday appearance of the head of the U.S. Fed, Warsh, at the symposium in Jackson Hole. In the style of our favorite market, it would be an upside move on the speech and then, once everyone believes in “up only now,” a move down in search of liquidity.