BTC received the first rejection from the pink box, which is the harmonic reversal zone.
There is a possibility of a double top in 4 hours.
If the closing price is below 85072, the pattern will become active.
If this pattern is active and then there is a pullback, we must also pay attention to the possibility of the 2-618 pattern, which targets the blue box below.
If the blue box can play a support role, I think BTC will rise to 90,000 again.
The level we are tracking in 4 hours is 75714, as long as it does not close below this price, the possibility of rising still exists.
Because the 89211-91501 area (pink box) is a daily pattern, we are in the harmonic crab return area, so we have to work hard to get enough confirmation and can't rush.
If the day closes above 91501, the harmonic pattern will be cancelled.
We need to pay attention to the resistance above, the next resistance is at the level of 95000 - 102000 points
When the bearish confirmation is received, the harmonic pattern may cause the upward wave starting from 49000 points to fall by 40% or 60%.
If the enthusiasm continues, after a 23% correction, the rise may continue, but it will not reach the harmonic target. Wherever BTC goes, we will follow its trend. Guanzhu Public Account: Yunzi Commune, Mianfei Jiaqun
If the closing price falls below 75714 within 4 hours, the level of 72103 may become the support of the callback. As long as the daily closing price is not lower than 66835 points (the last bottom before the rise), our expectation for the rise will continue.
