$BTC could not close above the peak it last saw at 82,885, but it is also holding the 78,203 level we are tracking within the 4-hour timeframe.

If it stays below this level, sellers will strengthen and the decline will continue.
As we approach the 74,929 bottom during the decline, there is a possibility that buyers may come in. If it still cannot recover here, the decline will deepen further.
The 71-68 bin zone is a Fibonacci support level. It is an area where buyers could come in, and another rebound could occur.
On the way up, we will follow the 98,000-109-107 bin resistance levels. In particular, the 109-107 bin zone will be an important resistance. If it cannot stay above the last peak at 126,199, another decline may occur.
In deep declines, the 60,000 level is important. A daily close below it is a zone where sellers will gain even more strength, and the decline will deepen further—initiating a deep correction.