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#BTC 4-hour and daily closures came below 60,000. Only the weekly closure remains. If it cannot break above 60k on the weekly, the decline may continue. Lower supports
The rally comes with higher highs. The peak that will give us the first signal regarding the rally is at the 67,500 level. When it stays above, it will be a signal that the rally will continue. Afterwards, it may test the 74-75,000 resistances. As long as there is no persistence above the 74,569 peak, the possibility of a decline still exists.
Looking at the last downward wave, 4-hour closes above 61,980 may start to turn the market positive.
In declines, the 60,000 level must be protected. If it cannot protect, the decline deepens further. The decline may continue towards the 49-50,000 supports.