The BTC rate broke through $60,000, as well as the EMA 200 day TF. Tests the volume level of $59,335. Preliminarily breaks the reversal formation of candles on the four-hour time frame; it has given an increase of only +1.7% since yesterday. It’s hard to call it a rebound; the potential has not yet been realized.
![](https://public.bnbstatic.com/image/pgc/202408/c363048c03523e7589aeddef9545f736.png)
![](https://public.bnbstatic.com/image/pgc/202408/c34ec07558c8af79525b972b87bab386.png)
If in the coming hours there is no return above the level of the reversal candle ($59,850), the breakdown of the reversal formation may become true.
In the levels of the ABC correction structure, the high of wave A and the estimated high of wave C were updated. The estimated high of level B was left unchanged. We continue to assume that the movement will be schematically like this, and not that the entire ABC correction has already been completed from July 29 to today.
On the BTC futures chart on the Chicago Mercantile Exchange (CME), where trading was paused over the weekend, the price has already passed half of the $57,880-$60,840 gap. BUT the gap must close during trading on the CME, otherwise the zone will remain untraded.
At the same time, Friday's trading ended, let us remind you, at $62,945. And potentially we are talking about a large gap already at the top.
![](https://public.bnbstatic.com/image/pgc/202408/2729cbb642f21e8ca382fd0c9c37ed75.png)
On Monday it is worth remembering that it is often a day of false movements.
The dominance of BTC is going according to plan; according to the wave, it is already growing in the local fifth wave. 56.91%. Already extremely close to the high of the global five-wave structure of 57.10%. Failure to do so would force a review of the entire structure from September 2022.
![](https://public.bnbstatic.com/image/pgc/202408/852c8b36ce0b88ef974b0db96d7f5c62.png)
The BTC price volatility index, the signals of which we returned to again in July, after the period of anomaly in May-June, shows a reversal formation for the downward movement for yesterday and today. If there is no breakdown, depending on the speed of the decline, we may see#BTCprice movements in the new week either in the range or in the ranges that the asset showed on July 15-23.
![](https://public.bnbstatic.com/image/pgc/202408/e8c618629356293fdbdd2b984a03fd3e.png)