$BTC As we expected, it tested the 79,000 resistance again but was rejected.


In the pullback, we are monitoring the 73,762 bottom; if it holds, the upward potential continues.
If it stays below the 73,762 bottom, the Fibonacci 0.618 support of the last upward wave at 70,165 could act as support. If it holds, a new rise may occur.
If there is a 4-hour close above the 79,000 level, the last high in the 4-hour chart will be confirmed according to the latest downward wave. This would be a sign that the upward trend will continue further.
The resistance levels of 98,000 - 109,000 - 107,000 can be monitored.
If the decline deepens, the supports to watch are 65,666 - 63,823 - 62,433 - 60,000 levels.
A daily close below 60,000 would mean the decline deepens further. This indicates a deep correction has begun.
BTC-0.29%
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