The BTC price has already gone down by $1,000 since yesterday's closing of the trade; we are not in a hurry with new longs.

The BTC price has already gone down by $1,000 since yesterday's closing of the trade; we are not in a hurry with new long positions.

Although there are new positive signals, the #BTC price has transitioned into a stable uptrend on the 6-hour timeframe, with the following basic targets:

- $117,519,

- $119,077,

- $120,636.

The nearest additional targets of $121,677 and $122,143 lie just below the complete target of the "Bullish Wedge" at $122,267.

But we would still like to see a more adequate correction of yesterday's pump. For now, as the price is in a stable downtrend even on the 15-minute timeframe, there are all chances to wait for this.

Overall, the zone of $114,000-$115,000 remains interesting; there we will be ready to make the first purchase, PROVIDED there are signals for a reversal. The 0.5 level according to Fibonacci of the current rise is $114,556.

For now, the best signal for bulls that allows for growth from the current levels is the potential low mark on the hourly timeframe while holding the EMA 200 there.

However, when it comes to moving averages, there are a number of signals for correction - the price remains below:

- EMA 200 on the 2-, 3-, and 4-hour timeframes,

- EMA 50 on the 6-, 8-, 12-, and 18-hour timeframes.

The most important support according to moving averages is the EMA 50 on the daily timeframe, which is currently at $114,953.

We should also add that the price has returned above the level of potential breakdown of the daily uptrend, $115,639. It is possible to go below it locally again, but it is important to stay above it when closing daily candles.