In the new hour, BTC shifted into a stable downtrend immediately on the 2.5-hour timeframe. And, according to statistics—let’s remind ourselves of this—it most often leads to a stable downtrend on the 3-hour timeframe as well, which for us is the trigger for shorts.
Basic targets: $84,427, $83,597, $82,768. The potential breakdown level: $86,501. As we can see, the third target overlaps with the full target of the “Double Top.”
At the moment, the price broke through an important horizontal level on the 1-hour timeframe at $84,132, which opens the way for an impulse up to the next level at $82,790. But from the Strong signal area on the 5-minute timeframe and the liquidity zone $83,886-$84,064$ - we can see a reaction from buyers. They are trying to defend the rise.
Right now, we’d like to see at least a retest of the “neck line” on the “Double Top,” which is yesterday’s low at $85,114. And to add to the short there. Given the three “Loya” marks on the 1-hour timeframe and the Strong signal of a potential high on the chart of stablecoins capitalization (USDT+USDC), it looks realistic to expect a move higher.
Ideally, it would be good to see a local extreme, like a Strong signal of a potential high on the 5-minute timeframe.
Basic targets: $84,427, $83,597, $82,768. The potential breakdown level: $86,501. As we can see, the third target overlaps with the full target of the “Double Top.”
At the moment, the price broke through an important horizontal level on the 1-hour timeframe at $84,132, which opens the way for an impulse up to the next level at $82,790. But from the Strong signal area on the 5-minute timeframe and the liquidity zone $83,886-$84,064$ - we can see a reaction from buyers. They are trying to defend the rise.
Right now, we’d like to see at least a retest of the “neck line” on the “Double Top,” which is yesterday’s low at $85,114. And to add to the short there. Given the three “Loya” marks on the 1-hour timeframe and the Strong signal of a potential high on the chart of stablecoins capitalization (USDT+USDC), it looks realistic to expect a move higher.
Ideally, it would be good to see a local extreme, like a Strong signal of a potential high on the 5-minute timeframe.
