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$BTC The decline continues. We are targeting the peak we’re tracking at 74569.
As long as there is no 4-hour close above this level, the decline may continue.
We are currently in the 71–68 thousand Fibonacci support zone. We haven’t seen strong buyers yet. We will look for reversal confirmations such as long wicks below and RSI divergence. When buyers strengthen, price may rise again.
The first important level on the way up is 74569—if price stays above it, we assess that the uptrend will continue.
If the rally continues, during closes above 82885 we will watch the resistances in the 98000–109–107 thousand levels. If it reaches the 109–107 thousand zone, this will be a significant resistance.
If it cannot hold above 126199, another drop may occur.
In deep declines, the 60000 level must be maintained; otherwise, the decline will deepen further.