The BTC rate is currently falling below $114,000, the ETH rate is below $4,200. As anticipated, the downtrend signals on the 4-hour timeframe for altcoins were a spoiler to a new wave of correction.

Both assets are declining in the format of a 'Bullish Wedge', but for #BTC this figure is larger and 'cleaner'. In both cases, prices have reached the lower part of the figures. However, we do not see any expressive signals for a reversal upwards at the moment. For another attempt at buying, we would like to see low marks on the hourly timeframe and higher. Ideally - Strong signal.

We still do not consider shorts for ourselves as more risky trades. Shorts on BTC were taken on Thursday and Monday. Longs on Thursday and Monday ended with stops, one loss and one with positive breakeven.

We maintain our position 'on the fence'. We are waiting, first and foremost, for the opportunity to go long - as long as the price remains in a stable uptrend on the daily timeframe. Our attitude towards shorts will only change if the price transitions into a stable downtrend on the daily timeframe OR upon a good bounce + a clear signal for correction (Strong signal high on the hourly timeframe and higher).