Looking at the #BTC chart, buyers do not appear eager. The price might continue to rise merely as a rebound from the recent decline; however, if it fails to hold above the 61,980 level on the 4-hour chart, another drop could follow. 4-hour closes above 61,980 could begin to shift market sentiment to positive.
If the price manages to sustain a position above the 67,500 level during an upward move, it would signal a continuation of the rally.
If the weekly close falls below the 60,000 mark again, the decline could extend toward the 49,000–50,000 support levels.
#BTC closed the week below the 60k level we have been monitoring. In this scenario, any upward movements are viewed as corrections to the decline. If the price sustains a level above 67,500 during a rally, it would signal a continuation of the uptrend.
Looking at the most recent downward wave, 4-hour closes above 61,980 could begin to shift market sentiment to positive.
If it falls back below 60k, the decline could continue toward the 49k–50k support levels.
#BTC attempted to break through the resistance in the 63-64 thousand region but was rejected. In the downtrend, the Fibonacci support levels are 62288-60899. If it holds, another upward attempt may occur. For it to rise, it needs to make higher peaks than the last wave. We will first be watching the 65617 peak from the last wave. For the uptrend to continue, it must remain above the 67500 level. If it breaks this resistance, it may test the 74-75000 resistance levels. Unless it maintains a position above the 74569 peak, a downtrend remains a possibility. If the uptrend continues, the next resistance levels are 82885 - 98000 - 109-107 thousand. In deep downtrends, the 60000 level must be protected. If it cannot be protected, the downtrend will deepen further. The decline may continue towards the 55-50 thousand support levels.
I mentioned yesterday that a buying structure hadn't formed for #BTC, and unfortunately, it couldn't hold in the blue box region. BTC has reached the Fibonacci 0.618-0.786 (62288-60889) support zone. If this zone acts as support, the 63-64 thousand region could act as resistance. If it's rejected, a further decline is possible. For the uptrend to continue, it needs to stay above the 67,500 level. If it breaks through this resistance, it could test the 74-75,000 resistance levels. Unless it maintains a position above the 74,569 peak, a decline is still possible. If the uptrend continues, the next resistance levels are 82,885, 98,000, and 109,000-107,000. There is strong resistance in the 109,000-107,000 region. If it can't be broken through, another decline is possible. In case of a deep decline, the 60,000 level must be protected. Otherwise, the decline will deepen further. The fall could continue towards the 55,000-50,000 support levels.
#BTC continued its pullback yesterday, which began with the Fed Chairman's statements. It is currently trying to hold within the blue box area. No buying candles have formed yet. On the 4-hour timeframe, we will be watching the 63707 low; if it holds, the possibility of an uptrend continues. In an upward move, the 67500 level is resistance; if it stays above this, it may test the 74-75000 resistance levels. Unless it remains above the 74569 peak, the possibility of a downtrend continues. If the uptrend continues, the next resistance levels are 82885 - 98000 - 109-107 thousand. There is strong resistance in the 109-107 thousand region. If it cannot be broken, another downtrend may occur. In deep downtrends, the 60000 level must be protected. Otherwise, the decline will deepen further. The fall may continue towards the 55-50 thousand support levels.
#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.