#What’sNextforBitcoin?

#BTC , a falling channel formed on the 4-hour chart and has broken upward. There may be a pullback for the retest of the breakout, as indicated by the arrow. During the pullback, stop-loss: a 4-hour close below 65160.

After the retest is complete, it could rise again toward the resistance zone at 74496-71237. If it breaks the resistance, according to the principle of wave equality, an upward movement could continue up to 61%.
A daily close above 98200 would mark the first high peak according to the last wave on the daily chart, increasing the likelihood of continued upward movement.

If it reaches the 107-109K zone, a downward correction for Libra will come into focus. If it cannot close above the last peak, the formation remains active and a decline could occur again.

If the decline deepens, the support levels to watch are 62433-55230-47256.