Key signal for BTC right now — the asset price has moved into a stable downtrend on the 3-hour timeframe. An early signal for this was the shift into a downtrend on the 2.5-hour timeframe — and again, it didn’t disappoint.

Let us remind you: for us, this is a trigger timeframe — whichever trend our indicator shows there, that’s where we work speculatively and with priority. Considering that before this, the price was showing a Strong signal for a potential top on the 12- and 18-hour timeframe (and on those timeframes, the fourth additional markers have also been set), and today on the daily timeframe a marker for a potential top has appeared — everything points to a picture of the correction continuing. More precisely — that this is only the beginning.

The move into a downtrend on this timeframe happened already yesterday by night, but the presence of marks of potential lows on the 2-hour—and later also on the 3-hour—timeframes made us not rush and wait for a pullback. For us, the priority is still a pullback at least to the “neckline” test on the “Double Top,” and that is the low from September 22, $85,114.

Also, the buyer’s weakness at the moment is obvious too. Therefore, we opened part of the position only just now. And we will open the rest either when the “neckline” is tested, or on a Strong signal of a potential high on the 5-minute timeframe and above, or on a test of the potential downtrend-break level on the 3-hour timeframe — $86,261.

We added to the position at $84,109.7. Now the entry price level is $79,932.21, BUT the breakeven level considering the previous partial closures of the short is $75,610.24. It looks better than the previous breakeven around $71,000—back then we built the short with a larger position than we are doing now. Closing that portion at breakeven when the downtrend breaks was the right decision. The liquidation level for the position right now is $90,527.65, thanks to the additional liquidity add. Which will come into play if, during the pullback, the price reaches the levels we need.

If the expectation for the correction turns out to be correct, then the right decision will be not to rush to build our spot copy portfolios. The ideal time for buying now is when there are multiple marks indicating a potential low on the daily / 3-day / weekly timeframe. Possibly also on the 12-hour timeframe, earlier. Considering that our indicator confirms a reversal into a bullish market. We’ll decide in the moment—look at the charts, and follow our Monitor and its reports.