The BTC rate is now at an important moment - testing the volume level of $64,120 as resistance. And - EMA 50 of the four-hour TF (currently $64,254). The picture has changed little since yesterday's review.

The structure of the candles on this TF has changed to an upward one, BUT if there is no breakout of this resistance pool, we are talking about a retest of the breakout and a move with lower liquidity.

As you can see, during the night during the decline the volume level of $62,987 was again clearly tested. If the structure on the four-hour TF is broken to the downside, the following will be important targets in the new decline:

- ascending trend since October 2023 (shown by dotted line, currently $62,539),

- EMA 200 of the four-hour TF (currently $61,738),

- EMA 50 daily TF (currently $61,515),

- a pool from the volume level of $61,231 and the level of 0.618 according to the local Fibonacci ($61,169).

We remain supporters of waiting for a correction. Especially since in addition to the four-hour TF for yesterday-today, a downward structure has also been established on the daily TF.

Bulls still have nothing to worry about unless the price starts to move below the volume level of $59,335. Anything higher is a ā€œhealthy correction.ā€

According to the scenario of the downtrend break, the situation is the same - the chance is only with consolidation above $64,120, a huge probability - with a move above $65,892.

Situation of#BTCby P73 Trend & Target Dynamics:

- On the daily TF, the price remains in the UP zone with the third growth target of $67,798 that has not been reached.

- As you can see, on the four-hour TF, the third correction target, $63,075, was clearly worked out by the night decline. But the price remains in the DOWN zone.

- On the younger two-hour and hourly TF, all DOWN-zone targets were worked out even earlier. And on the hourly TF, there is a signal of a potential high.

- On the 15-minute and 30-minute TF, the price moved into the UP zone, on the first one two targets worked out, on the second one none so far.