BTC and ETH in this hour have shifted into a steady downtrend on the 3-hour timeframe. And, by the way, BTC on the 5-hour timeframe also turned out that the previous uptrend was a false breakout—which is rare for a timeframe like this.

However, evaluate how the potential-loyalty marker signal performs on BTCUSDSHORTS, the number of shorts on Bitfinex. The bounce there hasn’t even started yet.

We set permanent alerts on the high and low markers on this metric to let you know about signals.

So #BTC base downside targets for the trigger on our 3-hour timeframe: $75,456 and $74,766. Potential breakdown level: $77,872.

And today, and yesterday, we wrote that when we move into a downtrend on this timeframe, we will once again return to the topic of adding to the short, IF there are no fresh low-potential markers that raise questions. While such confusing markers still exist, there are three potential low markers on the 2-hour timeframe.

Also, our Monitor highlights that among assets from the TOP-200, 34 of them have shown this over the last few candles. BUT overall, it now looks like they will provide only a minor rebound (if they do at all) before the move down continues.

A reason for a rebound could be, for example, some positive news on the CLARITY Act. Or else people will start actively shorting the negative news from today’s vote, and a short squeeze will begin.

Right now, the price has not only broken the "neckline" of the "double top," confirming the figure’s start of execution (full target - around $70,176) — there is also a close below $76,258 with the body of the hourly candle. But it also retested the $75,761 level, which we believe separates the bearish and bullish markets.

We вполне allow that the local rebound will bring the price to a test of the potential breakdown level of $77,872. By the way, on the 5-hour timeframe it’s also not far off — $77,875. In the rebound scenario, it’s optimal for us to add to our short in this area.