P73 CryptoMarket Monitor: Multiple signals of a potential rebound for BTC and 17 other assets

The P73 CryptoMarket Monitor tool currently shows a significant number of signals indicating a possible market rebound. A full list of assets with established bottom signals is available to algorithm subscribers. Based on these signals, the system generates an automatic forecast of a high probability of substantial asset recovery in the short and medium term, potentially starting in the coming days. However, it should be remembered that potential lows may be redefined.

Comprehensive analysis of signals across different timeframes

The current signals somewhat contradict the expected market correction, although there are scenarios where they complement each other. The most likely scenario involves a price decline on the current 12-hour candle and the next two, with a new potential low set within the forecasted range for today or tomorrow. Afterward, there may be a test of the stable downtrend targets on the 3-hour timeframe. At the current BTC price of $66,030, key support levels are in a range that requires constant monitoring.

Extended system of additional labels and stablecoin dominance

Special attention is drawn to the system of additional labels: on the 12-hour timeframe, a symmetrical label indicates a potential peak in USDT+USDC dominance. Additionally, a fourth additional label is recorded on the 3-day timeframe, where a potential low in BTC price coincides with a potential peak in the USDT+USDC stablecoin dominance index. This configuration increases the likelihood of at least a local rebound, and with favorable developments, the possibility of a medium-term market reversal.

Trends as the foundation of trading strategy

Despite support signals for a rebound, we remain in a speculative short position, guided by the principle that the trend takes precedence over labels. The trend on the 3-hour timeframe, which is crucial for short-term speculation, remains downward. Recent history has shown breakouts even of Strong signal labels on the 12-hour timeframe through minor rebounds, confirming that labels reflect only probability, while trends are an objective fact.

With a limited rebound up to the potential breakout level of the 3-hour downtrend, adding short positions at $69,187 remains relevant. This approach allows for maximum risk management while maintaining alignment with the main market trend.