#BTC has returned to the 63,100 level. If it holds above this level, the upward movement toward the 67,500 resistance could continue. If it breaks this resistance with high volume and closes above it, there is a possibility of testing the 71,000, 75,000, and 82,885 resistance levels. A daily and weekly close above 82,885 would mark the first higher high relative to the recent downward wave, serving as a positive signal that the uptrend is likely to continue.
If it fails to hold above 63,100, the 59,000–61,000 range acts as a Fibonacci support zone; if it finds support there, another attempt to rise could follow.
If the decline persists and the weekly close falls below 57,000, the likelihood of further downside increases, potentially leading to a drop toward the 49,000–50,000 support levels.
#BTC may test the 67,500 level, as it continues to hold the 63,100 mark on the 4-hour chart. This level has previously acted as resistance and could do so again; we need to see a high-volume breakout. Otherwise, a pullback might occur. If it holds above 63,100 during a pullback, it could attempt to break the resistance again. If it manages to stay above the 67,500 resistance level, there is a possibility it will test the 71,000, 75,000, and 82,885 resistance levels.
If a daily or weekly close occurs above 82,885, it would mark the first higher high relative to the most recent downward wave. This serves as a positive signal that the upward trend is likely to continue.
If it falls below 63,100, it may retest the 57,000 level. This level is expected to act as support.
If the weekly close falls below 57,000, the likelihood of a continued decline increases, potentially extending the drop toward the 49,000–50,000 support levels.
A wedge pattern has formed during the recent downward wave in #XAG (Silver). A rise is typically expected when such wedges break out. During an upward move, the level around 60 could act as resistance, potentially leading to a renewed decline. If the daily close occurs above 63, it would mark the first higher peak relative to the recent downward wave—signaling a trend reversal—and suggest that the upward movement could continue. Once the 63 resistance level is broken, the resistance levels at 67, 71, and 80 can be monitored. Since the daily close fell below 56, there is a possibility that the decline will continue if the price fails to close above 63; a drop toward the 50 and 45 support levels could follow. The 45 support level is crucial; as long as the price remains above it on the weekly chart, the uptrend remains intact.
#BTC maintains the potential for an upward move as long as it holds the 62,537 level on the 4-hour chart. On the upside, the 67,500 level serves as the initial resistance. If it sustains a position above 67,500, the resistance levels at 71,000, 75,000, and 82,885 can be monitored.
If a daily or weekly close occurs above 82,885, it would mark the first higher high relative to the recent downward wave. This serves as a positive signal that the upward trend is likely to continue.
If it drops below 62,537, it may retest the 57,000 level; this level is expected to act as support.
However, if the weekly close falls below 57,000, the probability of a continued decline increases, potentially leading to a drop toward the 49,000–50,000 support levels.
#BTC has remained below the blue box resistance it previously broke. The "Inverse Head and Shoulders" (IH&S) pattern that has formed remains valid as long as the price stays above 61,824. Based on the pattern, the target is the 71,000 level. During the upward move, the 67,500 level could act as resistance before the IH&S target is reached; therefore, one can track the pattern's target while keeping an eye on the stop-loss level. If the price holds above 67,500, the resistance levels at 71,000, 75,000, and 82,885 can be monitored. A daily or weekly close above 82,885 would mark the first higher peak relative to the most recent downward wave, serving as a positive signal that the uptrend will continue.
If the price drops below 61,824, a retest of the lows—potentially revisiting 57,000—could occur; this level is expected to act as support. However, if the weekly close falls below 57,000, the likelihood of a continued decline increases, potentially extending the drop toward the 49,000–50,000 support zone.
On the 4-hour #BTC chart, we are monitoring the 61,306 level. As long as the price remains above this level, the potential for the movements I have outlined remains intact. If it breaks the 67,500 resistance during an upward move, a rise toward 75,000 could occur. If it holds above the 67,500 level on the daily chart, there is a possibility that the rally will extend toward 82,885. Conversely, if it drops below 61,306, another attempt to test the lows could follow. If the weekly close falls below 57,000 again, the likelihood of a continued decline increases, potentially pushing the price down toward the 49,000–50,000 support levels. Regarding the upside, if the price closes above 82,885 on both the daily and weekly charts, it would mark the first higher peak relative to the most recent downward wave. This serves as a positive signal that the upward trend is likely to continue.
#BTC: We are monitoring the 67,500 level on the daily chart; remaining above this level would signal a continuation of the uptrend. If the price holds the 61,306 level on the 4-hour chart, the movements I’ve outlined become a possibility: a rise toward 67,500, followed by a pullback, and then a breakout above the 67,500 resistance to climb toward 75,000. If the weekly close occurs above 82,885, it would provide another strong signal that the uptrend is set to continue. Should the price reach the 102,000–107,000 zone, it would encounter significant resistance, potentially leading to a new decline. Conversely, if the weekly close falls below 60,000 again, the decline could extend toward the 49,000–50,000 support levels.