The BTC rate has been growing in recent hours and even broke through the downward trend from yesterday's start of the correction. We allowed this possibility in our chat at the rate of $92,800. The target was set at $94,000-96,000. So far, the high is $94,685.
They are working out signals of a potential low on the hourly and four-hour TF. But there is an important point - so far, all this growth is just another test of the previously broken EMA 50 of the four-hour TF, resistance.
Until this moving average is broken and until the price has moved into a stable uptrend on our indicator, the way down through the rebound is open. Even despite the reversal signals of the 4-hour TF (they have just started to work out) and the fact that the price has returned to a stable uptrend on the 15-minute and 30-minute TF.
On the positive side for bulls, there is a reaction from buyers almost from the volume level of $91,306. Which is very important as support. On the negative side, altcoin buyers do not believe in this growth yet.