From the trend structure, this wave of pullback
$BTC On the daily chart, the bottom broke through the bottom range, rising for two waves, now in a pullback after the second wave of rally. There are two reasons for the long-term bullish outlook: 1. After this pullback, a third wave will form. 2. The Fibonacci retracement level of 0.382 for the wave from 12,600 down to 6,000 is near 85,560, likely to hit this level.
On the 4-hour chart, the first wave of rally reached from 79,924 to 60,000, hitting the Fibonacci 0.382 retracement of this decline. The second wave of rally approached the Fi