$BTC
#Bitcoin Chart Analysis for #Today
Bitcoin has completed its #rising wedge (#IMPULSE wave) and has moved downward. I believe the focus now should be on whether this decline (correction) has ended.
There are two possible scenarios:
1. The first scenario is that Bitcoin will resume its upward movement after a small ABC correction to the Fibonacci 0.236 level.
2. The second scenario assumes that one more correction phase is still ahead. If Bitcoin cannot break above $68,600, it's hard to view this as a true uptrend. In that case, Bitcoin could experience another correction and further decline.
Additionally, for a confirmed upward trend, Bitcoin must rise above $70,500. To trade safely, it's not too late to wait for confirmation at this price level.
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