The BTC chart is probably starting a correction on the four-hour TF. The trend reversal indicator gave an "Expensive" signal for correction and while the price is below the volume level of $57,709 - we will assume that in the local impulse structure the price is already in the fourth wave. And that it was not possible to reach the EMA 200 of the four-hour TF and the volume level of $59,335 within the impulse of the third wave. In the review at night they wrote that given the resistance pool there, this was the maximum target.
As for the low of the fourth wave in the local structure, everything is unchanged. It is optimal for the bulls to set it in the area of the volume level of $56,361, where the EMA 50 of the four-hour TF has reached. And this has already happened. It is acceptable for the bulls to set the low at the volume level of $55,059. There is also an acceptable low in wave 2 within the framework of a more general picture that was described - https://www.binance.com/ru-UA/square/post/13328157226450.
The key TF is now a four-hour one.
According to our indicator,#BTCis in uptrend on the two-hour and four-hour TF. Yesterday's signal of a trend change at the peak gave almost +5% on both TFs. Having worked out three basic targets in each of the TFs. Stops turned out to be safe. On the daily TF, the asset still remains in a downtrend.
