The BTC rate finally showed the momentum we were waiting for back at the end of July 30th. The script is stretched out in time, but the four-hour time frame has an upward structure and so far it retains potential. The price may still go higher; the next and important resistance if growth continues is $67,088.
If the trend continues, growth in the rebound scenario can be expected by about 4-6 more four-hour candles. BUT the trend will be broken ahead of schedule if there is no breakdown of the EMA 50 of the four-hour TF. A completely realistic and even priority scenario, because on the daily TF the structure is downward.
The reaction of sellers from EMA 50 of the four-hour timeframe is expressive.
And this is potentially the fourth unsuccessful attempt at a breakout. If it fails with a probability of more than 90%, we will wait to go to additional liquidity for the local level of $65,302. To test the EMA 200 of the four-hour time frame (currently $64,518) and the EMA 50 of the day time frame (currently $64,383).
For now, wave A is asking for exactly this range. Then a rebound in wave B to a downward trend from ATH on March 14 and beyond - another correction in wave C and the end of the decline. With a hike, optimally, in the range of $60,000-62,000. That is, nothing has changed in our expectations.
It is worth keeping in mind the decision of the US Federal Reserve and Powell's speech today. This is a volatility factor that can significantly speed up the execution of the scenario.
