$BTC The first reaction to recent developments came from BTC and it sold off.


If it holds the 73,371 bottom, the upward trend may continue. But if there is a 4-hour close below it, we expect a decline.
In the decline, if the last wave's Fibonacci 0.618 support at 68,720 holds, a rebound could occur.
A close above the 79,000 level would be a sign that the upward movement will continue further.
The resistance levels of 98,000 - 109,000 - 107,000 can be monitored. If it is rejected at any resistance, we will follow the supports at 73,371 - 68,000 - 66,000 regions.
On the daily chart, the 65,666 level is important; as long as it remains above, the possibility of an upward move continues.
If there is a daily close below 65,666, we will monitor the supports at 63,823 - 62,433 - 60,000 regions. A daily close below 60,000 would deepen the decline further.
BTC0.42%
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