The key news for us regarding BTC right now - the price has maintained a stable uptrend on the daily timeframe. According to our indicator. Although this was not obvious at all, the situation was very shaky. We were waiting for the daily candle to close and what the algorithm would show.

Although the price has been below the potential breakdown level of the daily uptrend (at $115,639) for the fourth day now - the trend remains strong - its targets are also valid. And the targets, let us remind you:

- basic - up to $128,253,

- additional - up to $136,903.

Friday is becoming a decisive day for the growth scenario that we are counting on, maintaining a long position (but still keeping it at the minimum purchase amount within our strategy).

The markers of potential lows on the 12-hour (already the third of three) and daily timeframes (also the third of three) 'charge' the chart for the start of growth.

The key point is to establish itself above the EMA 50 of the daily timeframe ($114,706) and above the potential breakdown level of $115,693.

The news trigger for price movement in the markets on Friday will be the speech of the head of the US Federal Reserve, Jerome Powell, at the symposium in Jackson Hole. This will be at 17:00 Kyiv and Moscow time / 19:00 Astana time.

So far, locally the price is trying to start a bounce, but without an uptrend according to our indicator at least on the 15-minute timeframe - all of this are local movements without serious prospects.

According to the markers of potential lows on the local picture, the most important thing right now - is already the second marker of potential lows on the 3-hour timeframe.

It can be assumed that by morning, signals of potential lows will also appear on the 4-hour timeframe. Considering the picture on the 12-hour and daily timeframes - this is a good sign for bulls.

Our orders for adding long positions remain the same - $111,074 and $109,571.

They remain in force. But if we see a reversal into a stable uptrend on the hourly timeframe - we will remove the order at $109,571 and strengthen the position at the current price. Because there will be more reasons to believe that a reversal or at least a strong bounce in the range of $118,000-$120,000 has started.