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$BTC 7.3 Bitcoin Trend Analysis
The decline from 126,000 has formed two ABC structures of the same level on the large timeframe. Currently, it is the B-wave rebound of the second ABC.
There are two expected scenarios for the B-wave consolidation zone: buying on pullback to support levels of 60k and 59,000.
1. ABC structure rebounds to around 69,000-70k.
2. Triangle structure has a narrower rebound range, rebounding to around 64,000.
Risk disclaimer: This is only a market structure analysis and does not constitute any trading advice.
#btc # Bitcoin Trend Analysis