BTC updated yesterday's low, returning today below $115,000. In this hour, the price broke through 0.5 on the Fibonacci "Powell pump" (rate $114,556), current low $114,350.

Our #futures_trade is currently at a loss of 15%, but we are not abandoning the long idea.

On the chart - the perspective of the "Dragon", but to maintain and work it out, the price should not significantly rewrite the current low. The second "paw" (second bottom) is already noticeably lower than the first.

In the plus of the perspective of forming a pattern - on both "paws" our indicator shows the low marks on both the hourly and 2-hour time frames. Usually, this increases the chances for formation. Although on the hourly time frame we still have a break of the marks. Plus, the price has reached an important horizontal level of $114,330, currently showing a reaction from it. So we can expect a reaction from buyers and attempts to break the trend line along the spine.

The goals of the "Dragon" are not announced yet, the pattern is still absent, there is a possibility.

We will separately add - on the futures chart for BTC on the Chicago Mercantile Exchange, trading stopped on Friday at $117,235. This price is a "magnet" for the resumption of trading on Monday.

As long as the price maintains a stable uptrend on the 2-hour time frame - the risks are moderate. And we are far from the levels where we would be ready to buy more.