We previously warned, during the peak of the rally, that the price was facing a major and very important resistance zone at the $81,725 level, and we emphasized the necessity of not rushing and waiting for a close above it to confirm the continuation of the uptrend.
But what happened?
The price rejected the breakout, hit the resistance, and returned to pull back to the $76,900 areas, exactly as we warned, thanks to God.
Current Situation
The bottom currently forming is the most important pivotal bottom for the current price structure, and we hope it does not break so that the price does not slide downward.