BTC has the first full attempt to start a correction of today’s rise. A steady downtrend on the 15-minute timeframe with a maximum base target of $95,815. And of course, the breakout of the trend line since November 5.
Besides the base targets, there are no additional ones because other timeframes show a steady uptrend 😁 UPD: The 30-minute timeframe is also a downtrend, with a maximum base target of $94,866. This is a more serious signal.
Let’s see how the logic of a bull market will play out, where the base targets of steady downtrends represent an opportunity to buy more, rather than to short.
On the chart with volume levels, we want to pay special attention to the level of $97,511, which is currently acting as resistance. There have been large volumes at this level, increasing its significance. The nearest significant support based on volume levels is around $95,665.