The BTC rate has continued to rebound since yesterday, which was allowed before the further decline.

Let us recall a quote from the review:

"... the price approached an important resistance, EMA 200 of the four-hour TF (currently $61,646). The inability to break through it on October 1-2 already led to the price going to collect liquidity below. On the rebound on October 3-4, the price again came to this moving average, but on the hourly TF, the asset already has reversal formations in correction. Without breaking them, the move higher, to EMA 50 of the four-hour TF (currently $62,698) and, along the way, liquidity behind the high of October 2 $62,390."

Although there were doubts about the rebound, in the end the price at the moment reached $62,468. Reversal signals on both the hourly and two-hour TF were broken and the price came for liquidity above $62,390.

By the way, the "Bearish Wedge" that we showed yesterday on the junior TFs worked out partially and "shaved off" as many as possible those who wanted to trade it. First there was a false upward exit, then a correction with a workout of about 1% of the net movement.

Our P73 Trend & Target Dynamics on a five-minute TF indicated the start of the wedge development in time and then gave a Strong Signal for a potential low before the reversal. But the movement is negligible. After which the price turned around and continued to grow, invalidating the figure.

What to expect next? A lot of longs' liquidity has already accumulated in the range of $60,000-62,000, and there is a reversal formation of candles on the four-hour TF. We are waiting for the start of the correction again, possibly through an attempt to test the EMA 50 of the four-hour TF (currently at $62,534). The correction targets are at least a move back to the volume level of $61,231. And in general - a move lower, behind the low of October 3 at $59,831.

Cancellation of waiting - only consolidation above EMA 50 of the four-hour TF on this TF. Optimally - with a retest. This can break the descending structure of candles on both the four-hour and even the daily TF.

By the way, P73 Trend & Target Dynamics, on the rise since yesterday, is already showing a stable uptrend on the hourly TF for #BTC.

Having worked out the second basic target, but through a move under the basic stop. The third basic target is $62,787. Also, the price is already in a stable uptrend on the two-hour TF, with basic targets of $62,437, $63,073, $73,710. And the threat of breaking the trend when consolidating under $60,981.

So here we partially contradict the expectations of our own indicator, expecting a fall. But the picture on the four-hour TF forces us to do this. And the indicator on this TF has a potential high. Because it has the same logic of candlestick analysis that we use manually - DeMark's methodology. Just with additions.

BTC futures trading on the Chicago Mercantile Exchange (CME) ended yesterday quite high, at $62,720. Higher than the maximum spot price of the day. This is a "magnet" price for resuming trading from Sunday to Monday. By the way, during the decline on October 3, the CME chart tested the 0.5 level on the local Fibonacci of the September growth from low to high. And in general, as you can see, the price moves along the levels very regularly. Downright canonical. The Fibonacci levels from the CME trading screenshot are worth considering.

Even though it is the weekend, remember that the BTC Price Volatility Index is currently in an uptrend, so there may be surprises.