BTC provides a clear example of how beautiful a decline can be.

BTC provides a clear example of how beautiful a decline can be. Targets according to one of our indicators and liquidity zones - according to another. On the 5-minute timeframe, additional downtrend targets were gathered by an impulse and a test of the double liquidity zone 64,879-65,104$.

But the key point right now in this decline is that the price of #BTC has again transitioned into a stable downtrend on the hourly timeframe.

Therefore, although the liquidity zone of $65,305-$66,201 withstood in the end of the squeeze, its further prospects for the bulls look poor. If the price closes an hourly candle below $65,305, it will open the way to the next zone on this timeframe - $62,459-$62,653.

The uptrend on the 1.5-hour timeframe is still in effect. But its prospects are getting worse. With such buyer activity.

On the horizontal levels in this squeeze, the price almost reached $64,811. As mentioned before, $64,811-$67,300 is the zone of impulse movements. And this, as we see, is not even hindered by the presence of liquidity zones. If the price breaks $64,811, it is unlikely to move further as quickly. There follows a dense set of horizontal levels - $64,313, $63,816, $63,318. BUT if the price breaks $63,318, it could quickly send the price to $60,000.

The sweet (as much as possible) "pill" for the bulls - the stable uptrend on the daily timeframe for BTC is still in effect. Another day we don’t go to sleep, monitoring the close of the daily candle. Plus, the price is also held back from further decline by the liquidity zone of $65,468-$68,350.

As long as the daily candle has not closed below $65,468, support is still "in play". Although all this looks like it's "on its last breath". But this is still a chance for the bulls, and it needs to be said. Just a chance - increasingly elusive.

According to our short - we moved the stop to a positive breakeven at $68,492, and removed the short addition order at $70,907. Because going there from the current levels is more about the chances of a reversal than a successful short addition. Adding to the short from the current levels can now only be done with significant confirmation of a decline - a downtrend on the daily timeframe.

ps: trading futures on BTC at the Chicago Mercantile Exchange resumed after the weekend without gaps, so there are no new "magnets" here at the beginning of the new week.