$BTC The news received yesterday caused a sell-off, but the level at 73,371 we are monitoring held the support. The upward trend continues as expected.


If a close above 79,000 on the daily chart occurs during the rally, the first high peak will have formed according to the last downward wave on the 4-hour chart. This will be a sign that the upward movement will continue further.
Resistance levels at 98,000 - 109,000 - 107,000 can be monitored.
If there is a 4-hour close below 73,371, we expect a decline.
During the decline, the last upward wave's Fibonacci 0.618 support at 69,845 can act as support.
If it holds, a rebound may occur.
If no confirmation of a reversal is received and the decline continues, the 65,666 level is important.
As long as it stays above this, the possibility of further upward movement remains.
If there is a daily close below 65,666, we will monitor the supports at 63,823 - 62,433 - 60,000.
A daily close below 60,000 would mean the decline deepens further.
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