On the BTC chart since yesterday - 'nothing has changed much', there are no turning movements.
The price tested the trend support twice yesterday since May 12, but during today's bounce it couldn't break Monday's high of $107,108. The maximum of today's growth is $106,853. Key achievements since yesterday's review:
- holding the EMA 50 on the 4-hour timeframe,
- recovery above the important horizontal level of $104,623,
- recovery above the upper trend line of the ascending expanding wedge,
- maintaining stable uptrends according to our indicator on the hourly and 2-hour timeframes.
The sign of weakness is currently exclusively local - downtrends on the 15-minute and 30-minute timeframes with targets up to $103,786.
We are correcting today from the potential high marks on the 30-minute, hourly, and 2-hour timeframes.
The volatility index of price #BTC continues to decrease, and if the forecast plays out - large price movements will occur from May 22-24.
