#BTC is continuing its movement below the blue box resistance.

The invalidation condition for the Tobo formed is a 4-hour candle close below 61824. As long as it stays above it, there is a chance of it working.
According to the formation, it targets the 71,000 level.
On the way up, the 67,500 level can act as resistance before the Tobo target is reached.
When it holds above 67,500, the resistances at 71,000-75,000-82,885 can be followed.
If a daily and weekly close comes in above 82,885, it would mark the first higher high according to the last sell-off wave. This is a positive signal that the uptrend will continue even further.
If it stays below 61824, a new dip attempt may come and it could test 57,000 again. This level is expected to act as support.
If, when the weekly close remains below 57,000, the likelihood of the decline continuing increases, and the drop could continue toward the 49,000-50,000 support levels.