The BTC rate has finally gone into correction, how strong - we will find out in the coming hours.
While we were busy working with the codes, the price went into a stable downtrend on the 30-minute TF. And almost worked out all the basic targets.
On the hourly TF, the#BTCprice can also go into a stable downtrend if there is no reaction from buyers within 40 minutes.
In the meantime, the working out of the bearish ascending wedge, which started in the morning after the retest of the trend breakout, will accelerate. There is a test of the volume level of $ 75,744 and a reaction from it. There is also a global trend support from October 2023. The nearest targets for volume levels in case of their breakout:
- $ 75,308
- $ 74,852
- $ 74,340
- $ 73,808
Others are on the screenshot. We are not prescribing them yet, we are not waiting for them to be worked out. Or rather, we will look at the reaction of buyers to these four levels and we will draw conclusions about the strength of the correction.
