$BTC In the short term, after the double top formation at the peak, the pullback continues. If it reaches 78037, a bearish 2-618 formation will form. The invalidation condition is a 4-hour close above 79555.

The decline may continue down to 73762. If this level holds, the upside potential remains.
If it stays below the 73762 low, the 70165 level—which is the Fibonacci 0.618 support of the last upward wave—can act as support. If it holds, a rebound could come again.
If, during the rise, a close above 79555 occurs, then on the 4-hour timeframe the last decline wave will have formed its first high peak. This will be a sign that the uptrend will continue further.
Resistance levels of 98000, 109 thousand, and 107 thousand can be monitored.
If the decline deepens, the supports we will watch are 65666, 63823, 62433, and 60000. A daily close below 60000 means the decline will deepen further. A deep correction has begun.