Today's impulse recovery of the BTC price above $106,000 does not align with yesterday's expectations. But for now, it does not cancel the downward move. It only gives a chance for it.

Here are the changes in the picture that this growth has brought:

- The price has returned to a stable uptrend on the hourly timeframe, having worked out the extreme basic target of $106,345 in the last hours. It is trying to hold above the EMA 200 of this timeframe, having not yet made a retest of the breakout after the impulse.

- The price has returned to a stable uptrend on the 2-hour timeframe, still not having reached the basic targets of $106,780 and $107,489. It is trying to hold above the EMA 200 of this timeframe. At the same time, there are already two marks of a potential high.

- There are also breakouts of the EMA 50 and 200 on the 3- and 4-hour timeframes. BUT the price remains in stable downtrends there.

- There is also currently an attempt to break the EMA 50 on the 6-, 8-, and 12-hour timeframes. These are $105,762, $105,826, and $105,523 respectively.

As we calculated, we still believe that until the price holds above the EMA 50 of the 12-hour timeframe, this is just a bounce before further descent to the target levels indicated yesterday.

Plus, although there are uptrends on the hourly and 2-hour timeframes - key and marker for us, the 3- and 4-hour timeframes remain in downtrends. On the 4-hour timeframe, there is a test of the potential breakdown level of $106,402. As long as the price maintains the downtrend and remains below this level, it is directed downward.

The decline since June 16 until now is, albeit with conditions, a 'Bear Flag'.

The handling of which, if it were to happen now, would have targets of $100,689 and $98,774. In reality, the targets should be slightly higher. But they are roughly clear and similar to those mentioned yesterday. They can be used as a reference in case of a breakout in the area of $104,250-$104,300.

Regarding important horizontal levels, the price is suspended between $106,720 and $105,405. A breakout in either direction opens the way to the next supports and resistances indicated in the screenshot.

We will not consider that the forecast for a decline is erroneous until there is a stable uptrend on the 3-hour timeframe. Positions have not been opened yet; there is still too much uncertainty for our 125 leverage.