BTC. 4h. Local target is $9680. Global one unchanged.

2 oct 2020

Hello!
Briefly about the history. The price continues to move according to our main scenario. In the previous idea, we wrote about the critical level $10,750, which buyers could not cope with within 9 days. There were false breakouts and nothing more. The mark $10,600 is confidently broken on the volume and we believe that it is just the beginning.

News background. Last night, the calm flat of the crypto world was awakened by the news about the accusation of the Bitmex exchange co-owner in money laundering.
Without hesitation, BTC rapidly went down, followed by other coins.

It just so happened that the new sleaze in the crypt happens exactly when it is necessary to start the price impulse in the right direction.

Today, the negative news background continued: Donald Trump has Covid-19.

After lunch, the stock market will shake a lot, and with it the cryptocurrency market.

We think that the price movement will be directed downward.

Our thoughts are as follows:

• level $10,300 will be broken
  
• level $10,000 will be broken
  
• on $9800 dense walls, but they will be pushed through and form a false breakdown to $9680
  

and only then a flat in the range $9700-10,000 can start.

P.S. These are local targets. The global ones remain unchanged.
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