📊 Analysis of the $BTC Trend: Technical Correction or Continued Upward Movement? After the formation of a "double top" at $79,500, traders are awaiting confirmation of the next direction: Are we witnessing a healthy correction to establish a higher bottom, or a deeper pullback? 🔍 Technical Analysis: - Market Structure: The current high of $79,500 is higher than the March high of $74,000, supporting the continuation of the upward trend, provided a new higher low is maintained. - Time Cycles: The wave began from the $65,000 low. Historically, previous corrections lasted approximately 12 days, a scenario likely to repeat itself now. - Price Pressure: We observe the price consolidating below resistance, reinforcing the hypothesis of a technical correction to test the liquidity levels below. 📍 Support Levels: 1️⃣ $74,000: A crucial level (a previous resistance has now become support). 2️⃣ $68,000 - $65,000: The key support level for maintaining the upward trend. 💡 Summary: The $20,000 target is technically premature. The chart supports a technical correction to establish a price base for a future breakout. Will Bitcoin be content with testing $74,000, or will we see a deeper pullback? Share your thoughts. 👇 #LayerZero10KEthForAave #USIranLongTermBlockade #PowellFinalFOMC