The daily BTC candle closed at $66,600, the high candle closed at $67,386. Almost touched the second target on our indicator with multipliers.
The shadow above, given the circumstances, is quite bearish. We believe that the high of the fifth wave of growth since July 5 has now been finally set and we are waiting for the start of the correction. The question is how deep it will be.
Of the two options from this post, the situation is still closer to bad for the bulls, with a correction below $60,000.
The target of the decline in wave A is the support pool:
- volume level $62,987,
- Fibonacci level 0.5 (rate $62,807),
- EMA 50 day TF (current rate is $62,959).
Cancellation (or rather, postponement) of the short scenario for now - a scenario of breaking the short signal of the trend reversal indicator and leaving for the weekend in the fifth wave above the volume level of $68,232. With, accordingly, a breakdown of the downward trend from ATH on March 14. Then, with the current ones without correction, we can see the price of $70,000. This is not a priority scenario for us.
