BTC is once again pressing toward $87,000 and has regained steady uptrends on the hourly and 1.5-hour timeframes. Targets and potential breakdown levels are shown in the screenshots.

In the end, all hourly timeframes are once again on the bulls’ side. By the way, this hour’s uptrends on the hourly timeframe also returned for several assets in the TOP 10 — #DOGE, SOL, #XRP.

As of now, #BTC has three potential high markers on the hourly timeframe, but given the return of the uptrends, that's little consolation for the bears. Trends on timeframes like these are definitely more important than markers.

We're once again in a situation where “a correction is looming, but the market is rising for now.” Price consolidation has continued since the pump at the beginning of October, and purely from a trend perspective, it doesn't favor the bears. Although the price is being squeezed into a triangle, the breakout could go either way.

Things are looking like a new high may be in the cards. So once again, we're considering closing the part of the short position that was built on September 24. It was built below $85,000, so if we do close it, it'll be at a loss and we'll move the position's breakeven level lower.

We're watching the high markers on the hourly timeframe; they may help push the price lower and reduce potential losses. But so far, it doesn't look like they've turned the market downward. Still, if these markers play out and the price is pushed back into a downtrend, even just on the hourly timeframe, that would give the bears another chance. The situation in the crypto market on higher timeframes is too complicated for the rally to continue without a correction. The only downside for the bears is that higher-timeframe signals often take a long time to play out.