$BTC I mentioned yesterday that a buying structure has not formed; unfortunately, it couldn’t hold in the blue box area.


BTC’s Fibonacci 0.618-0.786 (62288-60889) support zone has been reached. If this zone continues to act as support, the 63–64 thousand region may start acting as resistance. And if it gets rejected, another drop could occur.
To continue the upward move, it must stay above the 67,500 level.
If it breaks through this resistance, it may test the 74,000–75,000 resistances. As long as it doesn’t manage to hold above the 74,569 peak, the possibility of a decline remains.
If the uptrend continues, the next resistances are at 82,885 - 98,000 - 109-107 thousand zones. There is strong resistance in the 109-107 thousand zone. If it can’t be overcome, another decline could happen.
In deeper declines, the 60,000 level must be preserved. Otherwise, the decline could deepen further. The drop could continue toward the 55,000–50,000 support levels.
BTC0.85%
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