After yesterday's “helicopters” on FUD around Coinbase, the BTC rate maintained its long structure. Moreover, I retained the “Bull Flag” on the four-hour time frame. Although at yesterday’s “cut” we said goodbye to working it out - in the end, all four-hour candles were closed exactly within the figure. The bulls look confident.
The figure remained relevant, it just had a false breakout. Today's exit from it is already more confident - the rate has remained higher for the second four-hour candle. Rewritten targets for the pattern are 73,078$ and $74,656. The second one is very close to the full P&P goal of $74,734, this figure is also relevant.
The price on the four-hour timeframe showed a breakdown of the volumetric and mirror level of $69,000 during the decline, but on the retest it returned higher. Let’s repeat yesterday’s thesis: while the price is below 69,000$ , it goes to EMA 50 of the four-hour timeframe (currently $68,005). But as long as the price is higher, growth is a priority.
In addition, our evening forecast for the fall of dominance #BTC has been invalidated. Although the four-hour candles at the time of the review spoke of a reversal, as a result there was a consolidation above the volume level of 53.88%, which has not happened since March 19. There is a breakdown, the body fixes the candle, and there is a retest. For now, all of these are arguments for continued growth of dominance. And, taking into account the BTC price chart, most likely the growth of dominance can occur with an increase in the price of BTC.