Today, before important events, the BTC rate is again trying to break through the volume and mirror level of $64,120.
If you look at the daily TF, the prices have been moving in the range between the volume levels of $62,987 and $64,120 for 7 (!) days now. With minor squeezes.
All this would look like consolidation before a breakout, if not for the potential reversal on the daily TF. And today is a key day. All the last days we have been writing about a potential reversal on September 24-26. Only a confident consolidation above $64,120 in the coming days will be a signal for us to break these reversal signals. Then we can expect a move to the next volume levels - $65,892, $67,088, $68,232. If there is no consolidation above it today or tomorrow and the price starts to consolidate below $62,987, this opens the way for a correction of growth from September 6.
Our expectation of a correction is still valid, BUT if today's candle closes above $64,120, this will be a reason for revision.
Otherwise, there is nothing more to add to yesterday’s situation.
According to P73 Trend & Target Dynamics on the 15-minute TF, basic targets continue to be worked out without surprises. Since Sunday evening (!) not a single setup break (knocked out basic stop) out of 9.
But the movements are, of course, 0.5-0.6%. Now, by the way, on this TF there is a signal of a potential downward reversal. On the hourly TF, the basic stop of the downtrend was knocked out after the first target of the basic setup was worked out (a reminder of the importance of moving the stop to breakeven). And the price moved into a stable uptrend with targets of $64,530 and $64,882.
Two- and four-hour TF - a stable uptrend is maintained. On the daily TF, two targets of the stable uptrend remain unfulfilled - $65,339 and $67,798.
