BTC is currently fighting at the SMA200 (44290) on its way to contest the nearest support line (43370).
If it breaks through and if the next few candles closes below 43370 then potentially it will test the 1.618 level (39987.56) and likely to retrace back into the trendline at the bottom of the triangle.
The 2.618 level (34514.36) is only possible if any 8hr candle closes below the 1.618 level (39987.56)
If it breaks through and if the next few candles closes below 43370 then potentially it will test the 1.618 level (39987.56) and likely to retrace back into the trendline at the bottom of the triangle.
The 2.618 level (34514.36) is only possible if any 8hr candle closes below the 1.618 level (39987.56)