The BTC course continues its recovery and has transitioned into an uptrend on the hourly timeframe. The execution of the inverse head and shoulders pattern with a target of 112,841$ is ongoing.

Hourly uptrend targets: 111,651$ (already reached), 112,375$, 113,100$. The last one is already beyond the impulse execution laid out in the inverse head and shoulders pattern.

Overall, as can be seen, there is an execution of potential low markers on the 8-hour timeframe, which were mentioned in the evening. However, for long positions with far-reaching plans, the signal of a stable downtrend on the daily timeframe is now extremely concerning.

Additionally, we note that the total number of assets that, according to #P73Signals from the TOP-200, have transitioned into a stable uptrend on the hourly timeframe is already 82 (including ETH and other altcoins from the TOP-10) for Tuesday and so far 3 (including BTC) for Wednesday. The picture for the 2-hour timeframe: 4 uptrends for Monday, 20 for Tuesday, and so far 4 for Wednesday.

We can only speak confidently about the continued growth of the market after a mass transition of assets into stable uptrends on the 4-hour timeframe. But so far, there is one asset on Monday and Tuesday.

BTC dominance tested an important level of 58.08% for the altcoin season and is currently showing a bounce; BTC is more interesting for buyers at the moment.