The struggle on the BTC chart around the $75,761 level that separates the bearish and bullish markets continues.

Since yesterday’s reviews, the situation has changed, and here’s how:

1. Stable uptrend signals on 4-, 6-, and 7-hour timeframes have been broken. On the 1-hour timeframe, sellers fully dominate, up to and including the 18-hour mark. And the key question now is whether sellers can push a transition into a sustained downtrend on the daily timeframe.

2. Moreover, on the hourly time frame, the count of potential-loyalty markers becomes only greater. Therefore, the pullback scenario is fully in effect for us, and we do not remove our short-add order at $77,872. There is a fourth additional potential-loyalty marker on the 3-hour time frame, and there are three markers on the 4-hour time frame.

Overall, things are going in the direction that, before the Fed meeting, we will see a rising market. Our P73 CryptoMarket Monitor reports that, across today’s three 4-hour candles, 51 assets out of the TOP-200 already show potential-loyalty markers. This is a clear and expressive potential for a market rebound. If we talk about a rebound for #BTC—on the hourly time frame, our horizontal levels indicator shows that as long as the price is closing the hourly candle above $75,881, the move to the next level of $77,262 may be fast. The price is in the zone of impulse moves.

3. BUT at the same time, as already mentioned, for persistent trends the bears maintain control. And the pullback will only be a pullback. MOREOVER, within the crypto market overall there are even more telling signals of a decline. This night, 26 assets out of the TOP-200 immediately shifted into a sustained downtrend on the 12-hour time frame. Among them are #ADA, #DOGE, #SOL.

IN SUMMARY — locally we expect a rebound. The order to add to the short is placed at $77,872, but manually we can add lower if there are signals that the rebound is ending. Overall, in our assessment, the market is clearly looking down, with a rebound or without it.

Without rushing, we are preparing for the first buy within the spot and conservative investment portfolio for copy trading. Ideally, it would be to start buying when potential-loyalty markers appear on the 3-day or weekly time frame.