Since September 22, BTC has shown a local correction from $87,395 to $85,114. However, at the same time, we believe there is still no confirmation that this is the very first corrective impulse of the entire growth from August to September.

The overnight break of the downtrend on the 5-minute timeframe played out, and for now the biggest achievement for the bears is a stable downtrend on the 30-minute timeframe. So far it’s rather modest, considering that the price couldn’t even reach the second target and right now, during the rebound, there is a struggle around $86,000. Meanwhile, on the 5-, 10-, and 15-minute timeframes, uptrends are back—buyers have returned. As can be seen from the screenshot, the rebound started from the marks of a potential low on the 1-hour timeframe.

IF we manage to recover on the 30-minute timeframe as well—then most likely the asset will reach a new maximum. At least a small retest of the high to grab liquidity again. IF, on the other hand, sellers start pushing downtrends back on the 5-, 10-, and 15-minute timeframes, and in addition a downtrend appears on the 45-minute timeframe, then that will become clear confirmation that selling pressure will continue.

We haven’t filled the short for now. But we remember that this night the candles closed with a final Strong signal suggesting a potential high on the 12- and 18-hour timeframes.

And overall, there are many high markers—regular or Strong—across different altcoins from the TOP-200. And this means that ahead, with high probability, either there will be a long range (as on the signals of August 20–21) or the start of a correction. Which we will use to close this problematic short and to begin accumulating a long-term spot position in all selected assets.