The BTC course gave a downward impulse and transitioned into a stable downtrend on the 15-minute timeframe. The next candle triggered all three basic targets on this timeframe. Thus, the exit from the range occurred downwards, contrary to our expectations.
There are also additional targets from the hourly timeframe. It is not yet time to talk about a transition into an uptrend there. Targets - $97,680 (already achieved), $97,196, $96,713.
But we should not forget about the "magnet" level of $99,815 on CME. A long squeeze before the move to $100,000 will be the main scenario for us as long as the price is in a stable uptrend on the two-hour timeframe. We need to look for reversal candles and bullish shadows from below - it will be a good sign to confirm the idea.
ps: during this impulse, the liquidation of bulls over the hour amounted to $80.88 million. Bulls are the main affected party today in liquidations over the last 4 and 12 hours.
pps: the 30-minute timeframe just now - also transitioned into a stable downtrend.
