Last week, BTC was blocked at the key resistance level of the illustrated Gann angle line and pulled back. Currently, it has reached a critical turning point in the market, and we are focusing on two levels:

1. On the illustrated Gann angle line at 8/1, BTC needs a four-hour volume-driven solid candlestick breakout (currently around 72,900) to have the possibility of creating a new high above 76,000.

2. If the daily closing price stays below the red line at 70,350, it will increase the likelihood of a top at 76,000.

Recently, I have been emphasizing— the rise from 60k is a rebound against the decline from 97,900 to 60k. After the rebound ends, BTC will continue to decline, and 60k cannot serve as a bottom.

Most likely, this week or at the latest next week, a market acceleration or a reversal point/end of the rebound will occur. If it cannot break through the 8/1 line in the next few days, the former probability is higher.
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