The key news on the BTC chart after the candle close on several timeframes is the marker of a potential low on the 2-day timeframe. HOWEVER, there are many nuances. The picture is still not clearer.

The chart marked how this signal has played out since June of last year.

The signal is not frequent; it has occurred six times since then, this is the seventh. In two cases, in September of last year and in April of this year, a strong, confident rise followed the signal. In one case, in February of this year, after the marker, there was an unremarkable range, and by the end of the month, the price collapsed from $96,000 to $78,000.

In other cases, the signal provided at least a bounce of 6-10%. Even if during the process the low of the candle with the marker was updated.

In short, the signal is rare and can sometimes bring surprises. An important nuance is that if #BTC starts an active rise, the marker may disappear, because the candle will cease to be a low candle and will become the first candle of a new uptrend.

In direct contradiction to this signal from the 2-day timeframe, a higher-level signal enters – the marker of a potential high on the 8-hour timeframe.

There are two main options for how both of these signals can play out – diametrically opposed:

1. First, the markers of potential lows on the 8-hour timeframe are worked out. In this scenario, even a new low of $108,666 is possible, which would be undesirable. In the context of such a decline, the low marker on the 2-day timeframe will remain valid, simply establishing a new low. In this regard, low markers on higher timeframes are dangerous and deceptive. Even without breaking the signals, the price may fall for another 6 days and establish a low somewhere in this period.

2. The working out of the low markers on the 2-day timeframe begins, while simultaneously pulling back the working out of the low markers on the 8-hour timeframe. There may be up to three candles with markers, meaning that growth on the 8-hour timeframe without breaking the signal could last another day. In this case, the correction from the low markers may start from another, higher price range.

Which of the levels are we leaning towards? We need to watch the trends. A strong argument in favor of the second option is that yesterday the price transitioned into a stable uptrend on the 3-hour timeframe. Locally, it's positive for the bulls that they managed to return the price to an uptrend on the 15-minute timeframe.

It is important to return the price to an uptrend on the 30- and 45-minute timeframes.

Remember that on Friday the market is expecting data on the Personal Consumption Expenditures Index in the USA and forecasts from the University of Michigan. 'It's going to be stormy' – there's a lot to consider.