BTC today also continues its downward movement, engulfing the zone of 69,980-70,337$.

BTC today also continues its downward movement, engulfing the zone of 69,980-70,337$.

Now, as already mentioned, this opens the way to the next zone on the hourly timeframe, 67,523-68,122$.

Now, for #BTC to go to 67,523-68,122$, the price needs to:

- close the 3-hour candle below 69,719$, which will engulf the zone of 69,719-70,606$.

- close the 4-hour candle below 69,299$, which will engulf the zone 69,299-70,716$.

- break the horizontal support at 68,793$.

The situation remains the same - there are plenty of low marks, but they still do not start working out. The maximum rebounds become stable uptrends on the 5- and 10-minute timeframes. Then these trends break, and the price goes to collect the next density of targets. This has already happened twice since this morning. Now for the third time today, the price has transitioned to a stable uptrend on the 5-minute timeframe. Let's see if it can overcome the nearest resistances in the area of 70,170-70,227$. So far, there is already a seller's reaction from testing this zone.

Right now, the marks are on the bulls' side:

- 3 marks of potential low on the 4-hour timeframe,

- 1 mark of potential low on the 5-hour timeframe,

- 2 marks of potential low on the 6-hour timeframe (where, by the way, a downtrend has also established itself, with still unfulfilled basic targets of 68,548$ and 67,174$),

- 1 mark of potential low on the 7-hour timeframe.

BUT considering the strength of the trend - we cannot count on them until buyers return the uptrend on at least the 15-minute timeframe. The uptrend on the 15-minute timeframe was last seen in the morning on March 18 at a rate of 74,000$.

As long as there are many marks, local oversold is strong, and there are no buyers.

We continue to hold our long position with an average entry level. This is a violation of the strategy because the 3-hour timeframe is in a stable downtrend. We went for this scheme for one reason - that the price transitioned into a stable uptrend on the daily timeframe. Moreover, we added to the deposit to have the opportunity to increase the position at the level of potential breaking of the uptrend on the daily timeframe - 67,698$. The liquidation level has shifted to around 61,809$. This time we rely specifically on the daily, not the 3-hour timeframe.