The BTC rate has been correcting since yesterday's high signal on the four-hour TF and has gone under EMA 50. The third four-hour candle has already consolidated the price under this moving average.

Sellers' pressure is felt. BUT if the#BTCprice holds EMA 200 of the four-hour TF (currently $61,835) or at least EMA 50 of the daily TF (currently $61,513) today, then we can see a reversal and continued growth on this TF. Despite yesterday's extremely bearish daily candle.

Since October 4, the price has been locked between the volume levels of $61,231 and $62,987. And yesterday's attempt by the bulls to break through the upper level was unsuccessful. On the four-hour TF, consolidation, as already mentioned, is taking place between EMA 50 and 200. Breaking through these supports and resistances is a marker.

According to P73 Trend & Target Dynamics, the situation for bulls has worsened since yesterday - the thirty-minute and hourly TF are in a stable downtrend.

According to the first one, all three basic targets have been worked out, so to speak. According to the second one, the second of the three (but the first one is very close to the trend change candle). At the same time, the downward trend from yesterday's high has been broken through with a retest, but the price has gone into a range for now. If the asset can move into a stable uptrend on the 15-minute TF, we will wait for growth to continue.

Otherwise, additional liquidity is requested for the current low of this decline, $62,005. Let us recall that the two-hour, four-hour, daily TF by the indicator are all in a stable uptrend.

For us, the priority expectation for the day is a test of EMA 200 of the four-hour TF and EMA 50 of the daily TF and then continued growth.

We believe that the BTC price volatility index is at a local high, and today or tomorrow we expect it to reverse downwards.