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#BTC On the 4-hour chart, it is holding the 63,100 level and may try the 67,500 level.
This level could act as resistance. A high-volume candle close is needed to break the resistance. If it can’t break it, a drop could come.
If it stays above the resistance at 67,500, there is a chance it will test the 71,000-75,000-82,885 resistances.
If a close above 82,885 appears on the daily and weekly charts, the first high peak would come according to the last sell-off wave. This is a positive signal that the uptrend may continue further.
If it falls below 63,100, it may test the 57,000 level again. This level is expected to act as support.
If the weekly close falls below 57 thousand, the likelihood of the downtrend continuing increases, and the decline could keep going toward the 49-50 thousand support zones.