On the BTC exchange rate for the first time since September 5 (!) - a signal of a potential low on the daily timeframe.

Such signals, we remind you, according to our indicator, can occur up to three in a row before a reversal. The final low before a significant bounce (we do not expect a full reversal yet) can be established by any of the three candles from December 24-26. Therefore, the scenario of updating the low from December 20 (92,232$) until the end of December 26 should not be dismissed yet. Moreover, all BTC movements since December 22 so far confirm the strength of sellers:

- the price has returned below the secondary ascending trend line since November 17 (marked with a dashed line),

- the price has fallen below the EMA 200 on the four-hour timeframe again,

- the price has fallen below the secondary descending trend line since November 22 (marked with a dashed line),

- the price has not been able to return to a stable uptrend since December 22 even on the hourly timeframe, maintaining targets down to 88,072$.

On the higher 12-hour timeframe, there is also an important negative signal - having fallen below the EMA 50 on December 19, the price retested the breakout on December 21 and is going down again. And according to our indicator, there are also correction targets remaining, down to 88,139$.

Yesterday we wrote that based on the signals on the weekly timeframe, we expect a range without new ATH at least until the end of December (despite the fact that we are in the dates of the Santa Claus rally) and possibly into the first half of January (although here options for an operational reset of the ascending structure on the weekly timeframe are already possible). The current signal of a local low on the daily timeframe and the expected bounce do not break this scenario. One can calmly talk about movement in a range both when rising to the significant volume level of 99,481$ and when rising to the significant volume level of 102,757$. Only a consolidation above will open the chance for updating ATH.

In order not to move into a scenario of further correction, #BTC now needs to hold support:

- EMA 50 on the daily timeframe (currently 92,565$).

- Global trend line going back to the highs of the previous cycle (marked with a dotted line, acted as resistance from November 13-18, now - support with tests on November 26 and December 5). Currently around 91,477$.

- volume level 91,306$.