$BTC - ANALYSIS 1D, PT (position trade) BTC did respect Fi | MJ Crypto™ Signals

$BTC - ANALYSIS

1D, PT (position trade)

BTC did respect Fibonacci level daily closures, until today when unreasonable, most probably manipulative push happened to reach upper boundary of resistance.

It is aligned with many indicators that can suggest resistance is strong here and people might be surprised if strong push down from here happens into (IV):
- previous tops from 59654 to 60398
- 1.618 Fibonaci extention
- last serious volume resistance

With every step up we make possibility for retracement rises.

Scenarios:
1 - either retracement from around here
2 - or push up to zone from 63.7k to 65k making first challenge for new ATH

If scenario 2 works out it was most probably too fast growth inside (III), without proper consolidation so retracement can be fast and strong as it was from (I).

https://www.tradingview.com/x/5NNkqnMW/