Kamile Uray 1

#BTC broke through the 64,500 resistance level with high volume. As long as it maintains the 63,707 low, the uptrend may continue. The first resistance level in the uptrend is at 67,500. If it stays above 67,500, it may test the 74-75,000 resistance levels. 74,569 is the peak; unless it remains above this level, a decline is still possible. If it breaks above the 82,885 peak, it will target the 98,000 level. If the rise continues towards the 109,000-107,000 region, this is important; if it cannot be surpassed, another decline may occur. In case of a deep decline, we will be watching the 60,000 level. This level must be protected. Otherwise, the decline will deepen further. The fall may continue towards the 55,000-50,000 support levels.

#BTC maintaining its position above the 60,000 low keeps the possibility of an uptrend alive. If the 64,500 resistance is broken, a rise towards 67,500 is possible. If it stays above 67,500, it may test the 74-75,000 resistance levels. If the uptrend continues, we will be watching the fluctuations at the 74,569-82,885-98,000-109,000-107,000 resistance levels. This will certainly provide us with some information. I consider the 109,000-107,000 region important. If it cannot be surpassed, another decline may occur. The first important level we will be watching in an uptrend is the 74,569 peak; unless it remains above this level, the possibility of a decline continues. We will be watching the 60,000 level, which we followed during deep declines. This level must be protected. Otherwise, the decline will deepen further. The fall may continue towards the 55,000-50,000 support levels.

#BTC continues to defend its 60,000 low. The uptrend may continue. We will be watching the 64,500 - 67,500 resistance levels. If it stays above 67,500, it may test the 74-75,000 resistance levels. If the uptrend continues, we will be watching the movement of the waves at the resistance levels of 74,569, 82,885, 98,000, 109,000, and 107,000. This will certainly give us some information. I consider the 109,000-107,000 region important among these resistance levels. If it cannot be broken, another decline may occur. The first important level we will be watching in the uptrend is the 74,569 peak; unless it remains above this level, the possibility of a decline still exists. We will be watching the 60,000 level, which we followed during deep declines. This level must be protected. Otherwise, the decline will deepen further. The decline may continue towards the 55,000-50,000 support levels.

We are monitoring the #BTC 60,000 low; as long as it holds that level, an upward move is possible. Buyers first need to break through the 64,500 resistance level, followed by 67,500. If it stays above this level, we will be watching the 74-75,000 resistance levels. If the rise continues, we will be watching the resistance levels at 74,569, 82,885, 98,000, 109,000, and 107,000. Reaching the 109,000-107,000 region will be a significant resistance. However, unless it remains above the 74,569 peak, the possibility of a decline continues. We will be monitoring the 60,000 level, which we followed during deep declines. This level must be protected. Otherwise, the decline will deepen further, potentially continuing towards the 55,000-50,000 support levels.

The recent drop in #BTC was very sharp. Such a sharp decline will likely result in a recovery. As long as the 60,000 low remains strong, a slight increase is possible. Buyers need to break through the 64,500 and then the 67,500 resistance levels. If it stays above this level, we will be watching the 74-75,000 resistance levels. However, unless it remains above the 74,569 peak, the possibility of a decline continues. We will be watching the 60,000 level, which we monitored during deep declines. This level must be protected. Otherwise, the decline will deepen further. The drop could continue towards the 55-50,000 support levels. If the rise continues, we will be watching the resistance levels at 74,569, 82,885, 98,000, 109,000, and 107,000. If it reaches the 109,000-107,000 region, this will be a significant resistance.

For #BTC to truly strengthen its position at 60,000, as expected, it needs to break through the 64,500 and then the 67,500 resistance levels. If it stays above this level, we will be watching the 74-75,000 resistance levels. However, unless it remains above the 74,569 peak, the possibility of a decline continues. We will be monitoring the 60,000 level, which we followed during deep declines. This level must be protected. Otherwise, the decline will deepen further. The decline may continue towards the 55-50,000 support levels. If the rise continues, we will be watching the resistance levels at 74,569, 82,885, 98,000, 109,000, and 107,000. Reaching the 109,000-107,000 region will be a significant resistance.

Unfortunately, the #BTC Fibonacci 0.786 level at 64203 did not act as support. However, during the decline, the RSI entered the oversold region on both the daily and 4-hour charts, and divergences began to form. This strengthens the possibility that the decline may lose momentum. If candles with long wicks continue to form below, an uptrend may occur. In an uptrend, 67500 will be the first resistance. If it stays above this level, we will be watching the 74-75000 resistance levels. However, unless there is sustained price action above the 74569 peak, the possibility of a downtrend remains. We are very close to the 60000 level, which we monitor during deep declines; this level must be protected. Otherwise, the decline will deepen further. The fall may continue towards the 55-50 thousand support levels. If the uptrend continues, we will be watching the resistance levels at 74569-82885-98000-109-107 thousand. If it reaches the 109-107 thousand region, this will be a significant resistance level.

BTC is attempting to recover from the 0.786 Fibonacci level of 64203. The first 4-hour candle closed with buying pressure. If candles with long wicks continue to form, a rise may occur. 67500 will be the first resistance in the upward move. If it stays above this level, we will be watching the 74-75000 resistance levels. However, unless it remains above the 74569 peak, the possibility of a decline still exists. We are now much closer to the 60000 level, which we follow during deep declines; this level must be protected. Otherwise, the decline will deepen further. The fall may continue towards the 55-50 thousand support levels. If the rise continues, we will be watching the resistance levels at 74569-82885-98000-109-107 thousand. If it reaches the 109-107 thousand region, this will be an important resistance.

I mentioned yesterday that I didn't see strong buying activity in BTC. Unfortunately, the decline has deepened further. It has fallen below the 71-68 thousand level, which is the Fibonacci 0.50 and 0.618 support. 64203 is the Fibonacci 0.786 support level. After a sharp drop, there will be a recovery. If buyers are weak, the recovery will continue down to 68-69 thousand, and a new decline will occur. If it stays above 70,967, we will consider the buyers to be somewhat stronger. However, unless it remains above the 74569 peak, the possibility of a decline still exists. In deep declines, the 60000 level must be protected. Otherwise, the decline will deepen further. If the rise continues, we will be watching the resistance levels at 74569-82885-98000-109-107 thousand. If it reaches the 109-107 thousand region, this will be an important resistance.

#BTC continues to fall. We are now focusing on the peak we are monitoring at 74,569. Unless a 4-hour close above this level occurs, the decline may continue. We are currently in the 71-68 thousand Fibonacci support zone. We are not yet seeing strong buyers. We will be looking for reversal confirmations such as long wicks and RSI divergence below. A renewed rise may occur when buyers strengthen. The first important level in an upward move is 74,569; if it stays above this level, we will consider the rise to continue. If the rise continues, we will be watching the resistance levels at 98,000-109,000-107,000 with closes above 82,885. If it reaches the 109,000-107,000 region, this will be a significant resistance. If it fails to stay above 126,199, another decline may occur. In deep declines, the 60,000 level must be protected. Otherwise, the decline will deepen further.

#BTC experienced a weak rebound after the drop, remaining below the 78080 level. Unless a 4-hour close above this level occurs, the decline may continue. The 71-68 thousand region is a Fibonacci support level. A rebound could occur if buyers gain strength. If the rise continues, a close above 82885 will put us at the resistance levels of 98000, 10900, and 107000. A break below the 10900-107000 region would be a significant resistance. If it fails to stay above 126199, another drop is possible. In the event of a deeper decline, it must protect the 60000 level. Otherwise, the decline will deepen.

BTC closed below 78213. Unless a 4-hour close above 78080 occurs, the decline may continue. The 71-68 thousand region is a Fibonacci support level and a potential area for buyers. A renewed rise could occur if buyers gain strength. If the rise continues, a close above 82885 will put us at the resistance levels of 98000, 10900, and 107000. A break below the 10900-107000 region would be a significant resistance. If it fails to stay above the recent peak of 126199, another decline is possible. In the event of a deeper decline, it must protect the 60000 level. Otherwise, the decline will deepen.

As BTC approaches the 74929 bottom, buyers are emerging, at least as a reaction to the decline. However, what I see in the emerging pattern is not good. It looks like a head and shoulders pattern is forming. A head and shoulders pattern has formed, and it seems like an upward move is coming to complete the final shoulder. In head and shoulders patterns that form at the top, if the support is broken, a drop equal to the depth of the head can occur. A reaction rise could be towards 79000-80000, but if it cannot maintain its position above the 82885 peak, a further decline may occur. If it cannot hold the 74929 bottom, the decline will deepen further. The 71-68 thousand region could see a continued decline towards the Fibonacci support level. This region is an important support level. It is a region where buyers may emerge. If buyers strengthen, a renewed rise may occur. In the upward move, we will be watching the resistance levels at 98000-10900-107000. If it reaches the 10900-107000 region, this will be an important resistance. If it fails to stay above the recent peak of 126199, another decline may occur. In deep declines, the 60000 level is important.

#BTC has not yet escaped selling pressure. As it approaches the 74929 low, there is a possibility of buyers emerging, at least as a reaction to the decline. This rebound could continue up to 79000. However, if it fails to maintain its position above the 82885 peak, a further decline may occur. If it cannot hold the 74929 low, the decline will deepen further. The 71-68 thousand region could continue towards the Fibonacci support level. This region is an important support level and a potential area for buyers. A renewed rise could occur when buyers gain strength. In the upward movement, we will be watching the resistance levels at 98000, 10900, and 107000. If it reaches the 10900-107000 region, this will be a significant resistance. If it cannot stay above the last peak of 126199, another decline may occur. In deep declines, the 60000 level is important. A close below this level would deepen the decline as sellers gain further strength. In this situation, the rise is considered a correction of the fall.

We previously discussed the continued selling pressure on BTC. Unfortunately, it failed to break above the 82885 peak, and in the 4-hour timeframe, it closed below 78203. As it approaches the 74929 low, there's a possibility of buyers emerging, at least as a reaction to the decline. If it fails to recover here, the decline will deepen further. The 71-68 thousand region is a Fibonacci support level, an important support level. This is an area where buyers might say "it's fallen enough." A renewed rise could occur when buyers gain strength. On the upside, we will be watching the resistance levels at 98000, 10900, and 107000. If it reaches the 10900-107000 region, this will be a significant resistance. If it fails to stay above the last peak of 126199, another decline is possible. In deep declines, the 60000 level is important. A close below it would deepen the decline further as sellers gain more strength. In this situation, the rise is considered a correction of the fall.

#BTC's inability to break above the 82885 peak is creating selling pressure. On the 4-hour timeframe, it's not closing below the 78203 level. It's currently in a hold. If it stays below 78203, the decline will continue. As it approaches the 74929 low, there's a possibility of buyers emerging. If it fails to recover here, the decline will deepen further. The 71-68 thousand region is a Fibonacci support level; buyers may appear in this area. On the upside, we will be watching the resistance levels at 98000, 10900, and 107000. If it reaches the 109-107 thousand region, this will be a significant resistance. If it fails to stay above the last peak of 126199, another decline may occur. In the event of a decline, the 60000 level is important. A daily close below this level would strengthen sellers and deepen the decline further.

#BTC is unable to break above the 82885 peak and is not closing below 78203 on the 4-hour timeframe. It's currently in a hold. Breaks above these levels will provide information about the direction. If it stays below 78203, the decline will continue. As it approaches the 74929 low, there's a possibility of buyers emerging. If it fails to recover here, the decline will deepen further. The 71-68 thousand region is a Fibonacci support level, so buyers may appear in this area. On the upside, we will be watching the resistance levels at 98000, 10900, and 107000. If it reaches the 10900-107000 region, this will be a significant resistance. If it fails to stay above the last peak of 126199, another decline may occur. In downward movements, the 60000 level is important. A daily close below this level would indicate that sellers will gain more strength, and the decline would deepen further, initiating a deep correction.

BTC failed to close above its recent peak of 82885, but it is holding above the 78203 level we are monitoring on the 4-hour timeframe. If it stays below this level, sellers will gain strength and the decline will continue. As it approaches the 74929 low, there is a possibility of buyers emerging. If it fails to recover here, the decline will deepen further. The 71-68 thousand region is a Fibonacci support level. This is an area where buyers may emerge. A renewed rise is possible. In an upward move, we will be watching the 98000-109-107 thousand resistance levels. The 109-107 thousand region will be a particularly important resistance. If it fails to stay above the recent peak of 126199, another decline may occur. In deep declines, the 60000 level is important. A daily close below this level would indicate that sellers will gain further strength, and the decline would deepen, initiating a deep correction.

BTC faced further negative news over the weekend regarding the peace talks. Naturally, the initial reaction was seen in crypto. BTC failed to surpass its recent peak of 82885. Therefore, we are closely monitoring it. If it stays below 78203 in the 4-hour timeframe, sellers will gain strength and the decline will continue. As it approaches the 74929 low, there is a possibility of buyers emerging. If it fails to recover there, the decline will deepen further. The 71-68 thousand region is a Fibonacci support level. The market might think, "It's fallen too much, let's buy." On the upside, we will be watching the 98000-109-107 thousand resistance levels. The 109-107 thousand region will be a particularly important resistance. If it cannot stay above 126199 from here, a decline may occur. A close below the 60000 level indicates that sellers will gain even more strength, and the decline will deepen further, initiating a deep correction.

We are monitoring the BTC 74937 low; as long as it stays above this level, pullbacks shouldn't be a problem. The upward trend is expected to continue. In the upward movement, we will be watching the 98,000-109,000-107,000 resistance levels. The 109,000-107,000 region will be a particularly important resistance. If it fails to stay above 126,199 from this point, a decline may occur. In case of pullbacks, the 71,000-68,000 region on the daily chart could act as support. If the decline continues, the 62,433-60,000 region will be important. A daily close below the 60,000 level would deepen the decline further, initiating a deep correction.