On July 19, a target level of 69,000 was given; afterward, BTC rose to 69,056. After the July 21 rally met resistance, a take-profit signal was prompted for the long position; subsequently, BTC’s drawdown reached 5.82%. Can BTC still rise, or will it crash?

Today we整理 BTC’s potential next走势:

1️⃣ Running now is a strong correction targeting the blue uptrend shown. Along this path, BTC’s weekly candle body this Sunday must not fall below 62,800 (the Green Gann angle line 3/1), and BTC must break above and hold at 73,800 this week. Along this path, the BTC correction will end quickly and then break through 69,056 again;

2️⃣ A deep pullback starts from 69,056, with a larger drop and a longer duration. After the correction ends, BTC will still rise, until a rebound top is found above 70k before a new downturn begins. If the prior daily candle can’t hold above 63,800 before August 2, it will increase the likelihood of this scenario. Along this path, the fastest this week, and at the latest next week, the correction can end. Below, watch the support at 62,400 and 61,300;

3️⃣. 57,800-69,056 is the entire rebound. What’s running now is a new decline: in the third quarter, breaking below 57,800 continues downward, and breaking through 61,300 will increase the probability of taking this route.

Personally, I’m more inclined toward 2️⃣. The rebound from 57,800 is likely not over yet in the short term. Trading idea: use the gain/loss zone of 62,800 to determine whether this pullback is a deep correction or a strong correction, and then look for long opportunities from the right-hand side.