The BTC rate has been below the 50 EMA of the daily TF for the third day.
All attempts to break above this moving average and above the neighboring volume level of $61,231 have failed. Yesterday's daily candle for#BTCclosed bearish. If today's also closes below these resistances, a sharp downward impulse may follow the liquidity behind the low of September 18 at $59,174.
The candle structure remains downward, everything else important has already been said in recent days. While the price is below $61,231, we expect the correction to continue and at least a test of the volume level of $59,335. The expected reversal dates, if the reversal potential is not broken, are the same - October 6-8. Don't come and talk about an early breakdown of the downtrend yet. Based on the performance of the 73 Trend & Target Dynamics targets on the 15-minute TF, it is clear that all three basic targets for stable downtrends are being worked out, and only 1-2 basic targets for stable uptrends. Sellers still dominate.
