Over the past hour, BTC, ETH, and another 55 assets from the TOP-200 have moved into a sustained uptrend on the hourly timeframe. Targets and potential invalidation levels for #BTC and #ETH are shown in the screenshots.

Also on the list of top performers: #BNB, #SOL, and #XRP. By the way, 12 assets have also moved into an uptrend on the 2-hour timeframe.

For this reason, P73 CryptoMarket Monitor gives the automated forecast: "In the short term, there is a high probability that the market's upward movement will continue, with or without a correction."

At the moment, #BTC has reached the neckline test in the “Double Top” pattern. Although the pattern didn’t start playing out in the cleanest way (a prolonged chop around the neckline instead of a decisive impulse after the breakout), it remains valid.

For now, despite several assets moving into an uptrend on the hourly timeframe, we’re sticking to our view: we don’t expect the price to hold above $83,019. This is a horizontal level on the hourly timeframe, and it also marks the beginning of the $83,006–$83,492 liquidity zone.

But we’re in no rush to add to the short position now, either. We can’t move the positive breakeven level much higher than it is now, but we would bring the liquidation level closer. We don’t want to do that while there’s an uptrend on the hourly timeframe. If the hourly uptrends see a widespread breakdown like this, then we can talk about a bull trap and a continuation of the downward move. We can revisit adding to the position simply to add in the direction of the trend and bring the exit closer. But if there is a widespread breakdown of the uptrends, the price will most likely reach our positive breakeven level anyway. As a reminder, that’s currently $78,937.