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New ATH and new volume level for BTC. For the second time in two days, potential high signals are broken. If yesterday there was a whole pool of signals on different TFs, today one was broken, but also on an important, 4-hour TF. New ATH - $106,958. Not much has been rewritten.
From the daily review, BTC went into a stable downtrend on the 30-minute TF, but returned after 3 hours, having worked out only the first basic target. And now on this TF, the asset has a density of targets up to $107,722. Densities, we recall, are often worked out by impulses. Some have already been worked out.
A new volume level that was added to the chart is $104,697. Here are the nearest tangible horizontal volumes and while the price is higher, the chances for further growth are high. The same can be said about stable uptrends on the 15-minute and 30-minute TFs. Now the price has hit a local trend from the high of December 5. If the resistance is broken, the nearest one is the ascending trend from November 22, now it is at $108,428. We are not giving up on waiting for the approach to the test of the trend support below and the closing of the gap on the CME. But for the start, the conditions are still the same - at least a stable downtrend on the 30-minute TF. And given its breakdown last time - better on the hourly one.
$BTC
From the daily review, BTC went into a stable downtrend on the 30-minute TF, but returned after 3 hours, having worked out only the first basic target. And now on this TF, the asset has a density of targets up to $107,722. Densities, we recall, are often worked out by impulses. Some have already been worked out.
A new volume level that was added to the chart is $104,697. Here are the nearest tangible horizontal volumes and while the price is higher, the chances for further growth are high. The same can be said about stable uptrends on the 15-minute and 30-minute TFs. Now the price has hit a local trend from the high of December 5. If the resistance is broken, the nearest one is the ascending trend from November 22, now it is at $108,428. We are not giving up on waiting for the approach to the test of the trend support below and the closing of the gap on the CME. But for the start, the conditions are still the same - at least a stable downtrend on the 30-minute TF. And given its breakdown last time - better on the hourly one.
$BTC
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