$BTC 74929 Continues to defend the 74929 level. It seems like the formation of an OBO is ongoing.

A head formation has appeared, and it looks like an upward move is coming to make the last shoulder.
When the support in the formation at the top is broken, a decline as deep as the head could occur. A reactive rally could target 79,000-80,000 or a decline could happen sooner. If it cannot stay above the 82,885 peak, a further decline may occur.
If it cannot hold the 74929 bottom, the decline will deepen further and the OBO will activate.
The 71,000-68,000 region may continue to fall toward the Fibonacci support level. This area is an important support level. It is a zone where buyers may come in. When buyers strengthen, a rebound could occur again.
In the upward move, we will monitor resistance levels at 98,000-109,000-107,000. If it reaches the 109,000-107,000 zone, this will be an important resistance.
If it cannot stay above the last peak of 126,199, there could be another decline.
In deep declines, the 60,000 level is significant.