I have a long order at $TAO waiting to be activated, I think that is the perfect retracement point.
With this, I also want to say that it will be a retracement point for $BTC .
I am not sure if it will be a reversal point, but it seems to me that we are close to entering the bullish channel again.

BTCUSDT
Perp
94,296.2
+3.40%

TAOUSDT
Perp
269.92
+2.60%