Kamile Uray

As BTC approaches the 74929 bottom, buyers are emerging, at least as a reaction to the decline. However, what I see in the emerging pattern is not good. It looks like a head and shoulders pattern is forming. A head and shoulders pattern has formed, and it seems like an upward move is coming to complete the final shoulder.
In head and shoulders patterns that form at the top, if the support is broken, a drop equal to the depth of the head can occur.
A reaction rise could be towards 79000-80000, but if it cannot maintain its position above the 82885 peak, a further decline may occur.
If it cannot hold the 74929 bottom, the decline will deepen further.
The 71-68 thousand region could see a continued decline towards the Fibonacci support level. This region is an important support level. It is a region where buyers may emerge. If buyers strengthen, a renewed rise may occur.
In the upward move, we will be watching the resistance levels at 98000-10900-107000. If it reaches the 10900-107000 region, this will be an important resistance.
If it fails to stay above the recent peak of 126199, another decline may occur.
In deep declines, the 60000 level is important.

#BTC has not yet escaped selling pressure. As it approaches the 74929 low, there is a possibility of buyers emerging, at least as a reaction to the decline. This rebound could continue up to 79000. However, if it fails to maintain its position above the 82885 peak, a further decline may occur.
If it cannot hold the 74929 low, the decline will deepen further. The 71-68 thousand region could continue towards the Fibonacci support level. This region is an important support level and a potential area for buyers.
A renewed rise could occur when buyers gain strength.
In the upward movement, we will be watching the resistance levels at 98000, 10900, and 107000. If it reaches the 10900-107000 region, this will be a significant resistance.
If it cannot stay above the last peak of 126199, another decline may occur.
In deep declines, the 60000 level is important. A close below this level would deepen the decline as sellers gain further strength. In this situation, the rise is considered a correction of the fall.

We previously discussed the continued selling pressure on BTC. Unfortunately, it failed to break above the 82885 peak, and in the 4-hour timeframe, it closed below 78203.
As it approaches the 74929 low, there's a possibility of buyers emerging, at least as a reaction to the decline.
If it fails to recover here, the decline will deepen further. The 71-68 thousand region is a Fibonacci support level, an important support level. This is an area where buyers might say "it's fallen enough." A renewed rise could occur when buyers gain strength.
On the upside, we will be watching the resistance levels at 98000, 10900, and 107000. If it reaches the 10900-107000 region, this will be a significant resistance.
If it fails to stay above the last peak of 126199, another decline is possible.
In deep declines, the 60000 level is important. A close below it would deepen the decline further as sellers gain more strength. In this situation, the rise is considered a correction of the fall.

#BTC's inability to break above the 82885 peak is creating selling pressure. On the 4-hour timeframe, it's not closing below the 78203 level. It's currently in a hold.
If it stays below 78203, the decline will continue. As it approaches the 74929 low, there's a possibility of buyers emerging.
If it fails to recover here, the decline will deepen further.
The 71-68 thousand region is a Fibonacci support level; buyers may appear in this area.
On the upside, we will be watching the resistance levels at 98000, 10900, and 107000. If it reaches the 109-107 thousand region, this will be a significant resistance.
If it fails to stay above the last peak of 126199, another decline may occur.
In the event of a decline, the 60000 level is important. A daily close below this level would strengthen sellers and deepen the decline further.

#BTC is unable to break above the 82885 peak and is not closing below 78203 on the 4-hour timeframe. It's currently in a hold.
Breaks above these levels will provide information about the direction. If it stays below 78203, the decline will continue.
As it approaches the 74929 low, there's a possibility of buyers emerging. If it fails to recover here, the decline will deepen further. The 71-68 thousand region is a Fibonacci support level, so buyers may appear in this area.
On the upside, we will be watching the resistance levels at 98000, 10900, and 107000.
If it reaches the 10900-107000 region, this will be a significant resistance.
If it fails to stay above the last peak of 126199, another decline may occur.
In downward movements, the 60000 level is important. A daily close below this level would indicate that sellers will gain more strength, and the decline would deepen further, initiating a deep correction.

BTC failed to close above its recent peak of 82885, but it is holding above the 78203 level we are monitoring on the 4-hour timeframe.
If it stays below this level, sellers will gain strength and the decline will continue.
As it approaches the 74929 low, there is a possibility of buyers emerging. If it fails to recover here, the decline will deepen further.
The 71-68 thousand region is a Fibonacci support level. This is an area where buyers may emerge. A renewed rise is possible.
In an upward move, we will be watching the 98000-109-107 thousand resistance levels. The 109-107 thousand region will be a particularly important resistance. If it fails to stay above the recent peak of 126199, another decline may occur.
In deep declines, the 60000 level is important. A daily close below this level would indicate that sellers will gain further strength, and the decline would deepen, initiating a deep correction.

BTC faced further negative news over the weekend regarding the peace talks. Naturally, the initial reaction was seen in crypto.
BTC failed to surpass its recent peak of 82885. Therefore, we are closely monitoring it. If it stays below 78203 in the 4-hour timeframe, sellers will gain strength and the decline will continue.
As it approaches the 74929 low, there is a possibility of buyers emerging. If it fails to recover there, the decline will deepen further. The 71-68 thousand region is a Fibonacci support level. The market might think, "It's fallen too much, let's buy."
On the upside, we will be watching the 98000-109-107 thousand resistance levels. The 109-107 thousand region will be a particularly important resistance. If it cannot stay above 126199 from here, a decline may occur.
A close below the 60000 level indicates that sellers will gain even more strength, and the decline will deepen further, initiating a deep correction.

We are monitoring the BTC 74937 low; as long as it stays above this level, pullbacks shouldn't be a problem. The upward trend is expected to continue.
In the upward movement, we will be watching the 98,000-109,000-107,000 resistance levels.
The 109,000-107,000 region will be a particularly important resistance. If it fails to stay above 126,199 from this point, a decline may occur.
In case of pullbacks, the 71,000-68,000 region on the daily chart could act as support. If the decline continues, the 62,433-60,000 region will be important.
A daily close below the 60,000 level would deepen the decline further, initiating a deep correction.

#BTC remaining above the 74937 low keeps the possibility of a continued uptrend alive.
The first resistance level in the uptrend is 98000. If it closes above this level, we will be watching the 109-107 thousand resistance levels.
The 109-107 thousand region will be a particularly important resistance. If it fails to stay above 126199, a decline may occur. In case of a pullback, the 71-68 thousand region on the daily chart could act as support.
If the decline continues, the 62433-60000 region is important. A daily close below 60000 would mean a deeper decline, indicating the start of a deep correction.

BTC remaining above 74937, the low we're watching, is a sign that the uptrend will continue.
In the uptrend, we will be watching the 98,000, 109,000, and 107,000 resistance levels. The 109,000-107,000 region will be a particularly important resistance. If it fails to stay above 126,199 from this point, a decline may occur.
In the downtrend, the 62,433-60,000 region is important on the daily chart. A close below 60,000 would deepen the decline further, indicating the start of a deep correction.

We were monitoring the BTC bottom at 73762, which was the level where the decision on whether the decline would continue was made. It held this level and an upward move occurred.
It broke through 79555 with high volume and closed above it, marking the first high peak since the last downtrend and giving the first indication that the rise will continue.
Now, the bottom we will be watching in the upward move is 74937. As long as it stays above this level, the rise may continue.
However, in the upward move, we will be watching the 98000, 10900, and 107000 resistance levels. The 10900-107000 region will be a particularly important resistance. If it cannot stay above 126199 from here, a decline may occur.
If a decline occurs, the 62433-60000 region is important on the daily chart. A daily close below 60000 would mean a deeper decline, indicating the start of a deep correction.

The 2-618 formation we were expecting for BTC has become active. It approached 78037 and a sell-off occurred.
The decline could continue to 73762. This level will determine whether the decline is complete or ongoing. If it holds, the possibility of an uptrend continues.
If it stays below the 73762 low, the 70165 level, which is the Fibonacci 0.618 support of the last uptrend, could act as support. If it holds, a renewed uptrend is expected.
If a close above 79555 occurs, it will mark the first high peak of the last downtrend on the 4-hour chart. This would be a sign that the uptrend will continue further.
The 98000, 10900, and 107000 resistance levels can be monitored.
If the decline deepens, the support levels we will be watching are 65666, 63823, 62433, and 60000. A close below 60000 would indicate a further deepening of the decline, meaning a deep correction has begun.

BTC is continuing its pullback after forming a double top at the peak. If it reaches 78037, a bearish 2-618 pattern will form. The cancellation condition is a 4-hour close above 79555.
The decline may continue to 73762. If it holds this level, the possibility of an uptrend continues.
If it stays below the 73762 low, the 70165 level, which is the Fibonacci 0.618 support of the last uptrend, may act as support. If it holds, a new uptrend may occur.
If a close above 79555 occurs in the uptrend, the first high peak from the last downtrend will have been reached on the 4-hour chart. This would be a sign that the uptrend will continue further.
The resistance levels of 98000, 10900, and 107000 can be monitored.
If the decline deepens, the support levels to watch are 65666, 63823, 62433, and 60000. A daily close below the 60,000 level would indicate a further deepening of the decline, meaning a deep correction has begun.

A double top formation has become active in the short term for BTC. Even if there is a pullback towards 78350, the formation will likely lead to a decline.
The cancellation condition is a 4-hour close above 79555. The decline could continue to 73762. If it holds this level, the possibility of an uptrend remains.
If it stays below the 73762 low, the 70165 level, which is the Fibonacci 0.618 support of the last uptrend, could act as support. If it holds, a renewed uptrend may occur.
If a 4-hour close above 79555 occurs, the first high peak from the last downtrend will have been reached on the 4-hour chart. This would be a sign that the uptrend will continue further.
The resistance levels of 98000, 10900, and 107000 can be monitored.
If the decline deepens, the support levels to watch are 65666, 63823, 62433, and 60000. A daily close below 60000 would indicate a further deepening of the decline. This means a deep correction has begun.

As expected, BTC retested the 79,000 resistance but was rejected.
We are watching the 73,762 low in the pullback; if it holds, the possibility of an uptrend continues.
If it stays below the 73,762 low, the 70,165 level, which is the Fibonacci 0.618 support of the last uptrend, may act as support. If it holds, a new uptrend may occur.
If a 4-hour close above the 79,000 level occurs, it will be the first high peak of the last downtrend on the 4-hour chart. This would be a sign that the uptrend will continue further.
The 98,000, 109,000, and 107,000 resistance levels can be monitored.
If the decline deepens, the support levels we will be watching are 65,666, 63,823, 62,433, and 60,000.
A daily close below the 60,000 level would mean a further deepening of the decline. This would indicate the start of a deep correction.

BTC continues to defend its 73762 low. It's stuck at the 79000 resistance, neither falling nor rising. It may try to break this resistance again.
If it closes above 79,000, it will be the first high peak since the last downtrend on the 4-hour chart. This would be a sign that the uptrend will continue. The 98,000, 109,000, and 107,000 resistance levels can be monitored.
If the 4-hour chart closes below 733762, we expect a decline. In a decline, the 70165 level, which is the Fibonacci 0.618 support of the last uptrend, could act as support. If it holds, a new uptrend may occur. If a reversal confirmation is not obtained, the decline will continue.
If it holds the 65666 low, the possibility of an uptrend continues. If it closes below this level, we will monitor the support levels in the 63823-62433-60000 region.
A daily close below 60000 would deepen the decline further.

BTC experienced a sell-off yesterday following the news, but held onto the 73,371 low we were monitoring. As expected, the uptrend continues.
If the close above 79,000 occurs, it will mark the first high peak since the last downtrend on the 4-hour chart. This would signal further uptrends. Resistance levels to watch are 98,000, 109,000, and 107,000.
If the 4-hour close is below 73,371, we expect a decline. In a downtrend, the 69,845 level, which is the Fibonacci 0.618 support of the last uptrend, could act as support. If it holds, a renewed uptrend may occur. If a reversal is not confirmed and the decline continues, the 65,666 level is important. As long as it remains above this level, the possibility of an uptrend continues.
If the day closes below 65,666, we will monitor the support levels in the 63,823, 62,433, and 60,000 regions. A day close below 60,000 would deepen the decline further.

We are watching the #BTC 73371 low; if it holds, the uptrend may continue.
However, if it closes below this level on the 4-hour chart, we expect a decline.
In the event of a decline, the 69845 level, which is the Fibonacci 0.618 support of the last uptrend, could act as support. If it holds, a renewed uptrend may occur.
In the event of an uptrend, a close above the 79,000 level on the 4-hour chart would mark the first high peak since the last downtrend. This would be a sign that the uptrend will continue further.
The 98,000, 109,000, and 107,000 resistance levels can be monitored. If it is rejected at any of these resistances, we will monitor the support levels in the 73371, 68,000, and 66,000 region.
On the daily chart, if a decline occurs, the 65666 level is important. As long as it stays above this level, the possibility of an uptrend continues.
If it closes below 65666, we will monitor the support levels in the 63823, 62433, and 60000 region.
A daily close below the 60,000 level would indicate a further deepening of the decline.

#BTC reacted to yesterday's developments with a sell-off.
If it holds the 73371 low, the rise may continue. However, a 4-hour close below this level would lead to a decline.
If it holds at 68720, which is the Fibonacci 0.618 support level of the last upward wave, a renewed rise may occur.
A close above 79,000 would signal further uptrends.
Resistance levels to watch are 98,000, 109,000, and 107,000. If it is rejected at any of these resistance levels, we will monitor the support levels in the 73371, 68,000, and 66,000 region.
On the daily chart, the 65666 level is important; as long as it remains above this level, the possibility of an uptrend continues.
If it closes below 65666, we will monitor the support levels in the 63823, 62433, and 60000 region. A daily close below 60000 would deepen the decline further.

We are monitoring the 76,000 and 73,505 levels for BTC.
As long as it remains above the 73,505 low, the uptrend may continue.
If BTC breaks above the 76,000 peak with high volume, the rise could continue towards 79,000. The 79,000 level is the lowest peak formed during the entire downtrend. A 4-hour close above this level would mark the first high peak in this timeframe, and further uptrending is expected. After that, the 98,000, 109,000, and 107,000 resistance levels can be monitored.
If it is rejected at any of these resistance levels and closes below 70,467 in the 4-hour timeframe, we will monitor the support in the 68,000-66,000 region.
On the daily chart, the 65,666 level is important; as long as it remains above this level, the possibility of an uptrend continues.
If it closes below 65,666, we will monitor the support levels in the 63,823, 62,433, and 60,000 regions. A daily close below the 60,000 level would indicate a further deepening of the decline.