In the new report from P73 CryptoMarket Monitor - new interesting signals from the 12-hour timeframe. Against the backdrop of the fact that on September 16, 26 assets moved into a sustained downtrend on this timeframe - today 23 assets have already moved into a sustained uptrend on the same timeframe. Moreover, 22 of them - on the candle that opened during this hour.

Our Monitor doesn’t provide an auto-forecast on this yet, and it’s focusing on more local high marks on the 2-hour timeframe. BUT overall, these are definitely important signals. Plus, considering that many assets had their previous 12-hour candle print on solid volume.

Most of the assets that received uptrends today are not the same ones that got downtrends the day before yesterday. Although there are some exceptions—for example, #APT, #FET. The key question right now is whether buyers can continue the assault and bring other altcoins back into sustained uptrends. Those that don’t show the same strength as these 23 "pioneers." If that works and the altcoins turn those dozens of 12-hour timeframe downtrends—which end up being false—then that would be a rare case and a sign of a tangible strength from the buyers.

We will show target levels of recent uptrends and liquidity zones for 7 assets from today’s list:

- #AAVE,

- #APT,

- #BCH,

- #ENA (but it's already the third mark of a potential high),

- #FET,

- #HYPE,

- #KSC.

Such a massive signal from altcoins worsens the bears’ position at the moment. But still, as long as BTC price holds a steady downtrend on the 12-hour timeframe, we remain expecting a correction in the market. And closing part of the short position that was built up yesterday in BTC is a reaction to the risk of a stop-hunt and liquidity grab ahead of this expected correction. As of now, on the 3-hour timeframe the uptrend is intact—this risk remains.