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BTC wants to move back for a pullback, and it must break below the small consolidation range above. Once that small consolidation range is broken and the support at 63446 is broken as well, it can continue moving downward to retest the 62518 level. The first pullback to 62518 support will not break; it will consolidate and then rebound again to challenge the resistance at 64722. This rebound still can’t break through the resistance at 64722. Only during the pullback will it break the 62518 support, then test the 61289 level below. After retesting 61289, an M-top will form; if the M-top at 61289 is broken, that confirms it. Then this wave of uptrend ends, and the pullback will officially begin.
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