#BuyTheDipOrWaitNow?

The blue box #BTC 74496-71237( has dipped below the region, but the day and week have not yet closed.
A weekly close below 74508 in the blue box region is considered positive and the upward trend may continue.

On the daily chart, RSI is in the oversold zone and continues to show divergence. This indicates that the downward momentum is weakening. This is a positive sign. Of course, it’s not sufficient on its own. If upward signals are also observed on lower timeframes, a rally could occur from these levels.

If a close above 79440 occurs, the upward trend may continue. To confirm further upward movement, a close above 98200 is needed. Otherwise, the rise remains a correction of the decline and could continue further.

If the decline deepens, the support levels to watch are 62433-55230-47256. When a reversal is confirmed at any of these levels, a rally of up to 60% of the entire decline could occur.

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