It has broken the left-side wedge structure. As long as it holds the 70 level (the low), there is potential for an upward move; the 83 and 93 resistance levels can be monitored. If it follows the movements I’ve indicated with arrows, an inverse head-and-shoulders (H&S) pattern will form; once the blue box is broken and the price sustains a position above it, it could test the 117–146 resistance levels.
#BTC remaining above the 62,275 level keeps the bullish scenario alive. If a close occurs above 65,409, the "shoulder" of an inverse head-and-shoulders (H&S) pattern could be completed; a close above 67,000 would activate the pattern, and a continuation of the uptrend could be expected. Staying above 67,000 creates the possibility of testing resistance levels at 71,000, 75,000, and 82,885.
If a close above 82,885 occurs on both daily and weekly timeframes, it would mark the first higher peak relative to the most recent downward wave. This serves as a positive signal that the uptrend is likely to continue. Failure to close above 65,409 on the 4-hour chart could lead to a decline; a close below 62,275 would reclassify the recent rally as merely a corrective bounce within a downtrend, and a continued decline would be expected. During a decline, the 59,000–61,000 range acts as a support zone (aligned with the 0.618–0.786 Fibonacci levels). This is an area where buyers might step in; if the price holds here, another attempt at an upward move could follow. If the decline deepens and the weekly close falls below 57,000, the price could test support levels in the 49,000–50,000 range.