With the new downward impulse in BTC, a new Strong signal for potential long on the hourly timeframe has also arrived. We have once again closed our #futures_trade according to the strategy. Additionally, the price previously tested the 50 EMA on the daily timeframe.

Now there is a prospect either for a reversal or for a bounce. More precisely, this can be determined in 3 hours when we close the 8-hour candle.

IF the price holds the uptrend on this timeframe - we can expect a reversal attempt. On the daily timeframe, it is important to stay above the level of potential breakdown of the uptrend at $115,639.

IF not - from the bounce we are inclined to take a new short position.

More on expectations - continuation of the correction. The closed weekly candle does not inspire confidence. But we act according to the strategy. 50% profit is good too.

The results of the trade and a broader overall technical picture will be elaborated later in the review.