The BTC rate continues to hold around 76,000$. The nighttime return of the price to the zone of stable downtrend on the 15-minute timeframe has not yet fulfilled the basic targets, but it has not been invalidated either. Because the price is in a range with narrowing volatility. And now it has come to test the ascending trend line from November 6. This test is happening much higher than we expected yesterday.

The price is forming something like an ascending wedge, a bearish structure. The daily candles yesterday and today - doji - do not add confidence to further growth. Under different conditions, one would say that all conditions for starting a correction are present. But now - we need more confirmations. A dense target zone in the range of 77,000-78,000$ - not so far away to not remove this bearish liquidity above ATH. The price continues to hold above the global trend line since October 2023 (marked with a dashed line on the chart with volume levels).

Currently, we consider the mentioned trend support from November 6 to be important locally. If it is broken, a correction may begin. What are the nearest targets?

Since the pump on November 6, we have decided to work on the picture of new volume levels for the first time. They are currently quite closely arranged; secondary ones will be filtered out when the chart at these levels has more history. We have the following:

- New resistance:

-- 76 522$.

- New supports:

-- 75 744$.

-- 75 308$.

-- 74 852$.

-- 74 320$.

-- 73 808$.

If there is a break of the trend line with a retest, and especially if according to our indicator the price transitions into a stable downtrend on the 30-minute timeframe - one can expect a move towards these supports. Important EMAs after the pump are still too far down, not a reference. The EMA 50 of the daily timeframe, for example, is generally around the volume level of 67,088$.

At the same time, on the daily timeframe, the candle structure continues to show an upward trend. And it may continue until November 12-14. However, considering the pump on November 6, even a correction in the next two days to the volume level of 72,046$ will not break the upward structure. There is room for movement where even a strong decline will just be a temporary breather for the bears. And a trap for them.

On the weekly timeframe, as mentioned last night, the first of three possible labels is 'potential high', which worries me a bit. BUT if the current weekly candle closes bullishly - it won't matter, because we will consider that the bull run for #BTC has begun. The probability of this is almost 100% for us.

Corrections now are more likely a chance to buy more. Or high-risk shorts for enthusiasts. Both for BTC and ESPECIALLY for altcoins.