BTC’s inability to break above $84,542 led to a noticeable price pullback to the $83,000 level.

As anticipated, unable to break above this level, the price began absorbing the entire morning pullback. And as of now, it has reached another liquidity zone on the 5-minute timeframe, already below — $82,889–$82,949.

Special attention for the bears — at the same time there is a Strong signal of a potential low on the 15-minute TF, and this is already the third candle. So, for now, a rebound is already becoming warranted.

No additional clarity for mid-term short positions has emerged from this, but we remain with our opinion — as long as the price holds a sustained downtrend on the 3-hour TF, we expect the decline to continue.

At the moment, at least one thing is clear: the entire today’s rise was absorbed faster than it actually rose.

The price has entered a sustained downtrend on the 30-minute TF, but it still retains uptrends on the hourly and 1.5-hour TF, which were formed during today’s rise. And which the bears also need to absorb. At the moment, the price is either at the level of a potential breakdown, or below it.

But a Strong signal high on the 15-minute TF can pull the price into a rebound and preserve the uptrends. The next hour is important.

Along the horizontal levels on the hourly TF — as long as the price is below $83,983, it is moving toward the next level $81,239 and the liquidity zone $81,200-$81,537. We wrote about them as important targets for the bears already yesterday.