Well well well, new ATH 66k+ :)
So... Bulls still on track of the Wave 3.
...We see the wave 3? Have you ever heard about Elliot Waves?
Above 45k eyes on 50k and may be to 53k+ later.
The return to 42k opens way to the deeper retrace, targeting 36k area.
A strong resistance in the 0.618 ... 0.764 Fib range has been achieved.
No comment, just wait of proof.
Some retrace expected, BTC still bullish above 32k.
Returning to 41k opens the door to a 52k high.
A fall to old support of 30k means the open way to 25k or even to 22k lows.
Price comes to the 0.618 support area, but the bottom of the retrace may be in a fairly wide area (green rectangle). Most likely at 29 ... 24k.
What happens next will be determined by the price rebound: below 41k expected 12345 pattern fulfillment (targeting to 26...22k). A price rise above 43k will confirm the ABC (part 123) correction pattern (targeting to 46...47k).
If price will bounce up to 52-53k, there is a high probability the bottom of the correction will remain at 46k+. Less likely - price drop to the 42k.
What was expected happened. Will there be a second fall, we will see in the near future.
Be prepared to buy at 43k.
Very important 53k support level has been broken, more to the downside expected.
Only above 57k the price can return to the 60k. Temporarily.
Price is overbought, wave V already completed.
It's time for a larger price correction, to the 44k ... 40k area.
Expected price correction to the 40k range. Strong support in the 40k...37k range.
Bulls are still strong and I lifted the yellow rectangle a bit, where the wave (III) will stop and a correction can begin.
Wave V nears to the end and some correction is expected.
Still bullish above yellow trend line.
The abc correction waves are probably over and the next upward movement is expected.
Bears are weakening - the ground found at 29000.
Strong resistance in the 32500...33000 area.
The return to 29000 low opens door to lower lows.
Still bullish sentiment while the bottom is above 27500.
Resistance: 32500, 34000.
Above 33500 opens the way to higher highs.