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#BTC has started to recover a bit, Sunday night will be the weekly close, if it stays above 60k on the weekly, the market turns positive.
The rise comes with high peaks. The peak that will give the first signal regarding the rise is at the 67500 level. When it stays above, it will be a signal that the rise will continue. Afterwards, it may test the 74-75000 resistances. As long as there is no persistence above the 74569 peak, the possibility of a decline still persists.
Looking at the last downward wave, 4-hour closes above 61980 may start to turn the market positive.
If it cannot stay above 60k, the decline may continue further. During declines, the 60000 level must be held. If it cannot hold it, the decline will deepen further. The decline may continue towards the 49-50k support levels.