#BTC — yes, there is some upward movement, but it currently looks like a corrective bounce following the recent decline. If it closes above 82,885 on the daily and weekly charts, it would mark the first higher high relative to the last downward wave. This serves as a positive signal that the uptrend is likely to continue.
On the 4-hour chart, as long as the 61,306 level holds, the scenario I’ve outlined remains possible. We are currently in the first phase of this movement: a rise toward 67,500, followed by a pullback, and then a potential break of the 67,500 resistance to push toward 75,000. If it sustains a position above 67,500 on the daily chart, the probability of the rally extending toward 82,885 increases.
If the price reaches the 102,000–107,000 range on the weekly chart, it will encounter significant resistance, potentially triggering a new decline.
Conversely, if the weekly close falls below 57,000 again, the likelihood of a continued downtrend rises, potentially leading to a drop toward the 49,000–50,000 support levels.
On the 4-hour chart, as long as the 61,306 level holds, the scenario I’ve outlined remains possible. We are currently in the first phase of this movement: a rise toward 67,500, followed by a pullback, and then a potential break of the 67,500 resistance to push toward 75,000. If it sustains a position above 67,500 on the daily chart, the probability of the rally extending toward 82,885 increases.
If the price reaches the 102,000–107,000 range on the weekly chart, it will encounter significant resistance, potentially triggering a new decline.
Conversely, if the weekly close falls below 57,000 again, the likelihood of a continued downtrend rises, potentially leading to a drop toward the 49,000–50,000 support levels.