Bitcoin Daily Chart: Pullback Analysis and Key Levels to Watch

The BTC daily chart is starting to get interesting with this pullback. The trend remains bullish as long as we stay above the $62,538 level. Below this threshold, the current wave count would be invalidated due to an overlap between the magenta wave 4 and magenta wave 1. We might find support around the $73,390 area, and if that holds, it could present a potential long opportunity. We’re already prepared with an alternative wave count in case the primary one fails, which projects a major top at $108,152.