#btc is making the move I showed with the red arrow. When it reached the blue box, there was a sell-off. The closing candlestick is not looking good at all.

As long as it cannot close above 66498, the decline may continue. If the day closes below 61798 today or tomorrow, there will be a strong confirmation that the decline will continue. The first target in the decline will be the 59828 level. If a close below 59828 comes, the decline will continue. When the return confirmation is received at the support level of 57516, an increase may come as a reaction to the decline.

We are also following the movements I drew in blue. There is a possibility of forming a triangle. If the triangle is to form, it will take a long time for the inner waves to be completed. We may see new ATHs when it exits the triangle. We can expect new increases in closings above 66498.