Bitcoin Pullback Before Liftoff?BitcoinCRYPTO:BTCUSDhjryyzpjqkBitcoin continues to retrace after rejecting from the recent local highs and is now approaching a key Fibonacci support region. 📍 Buy Zone: $68,790 – $73,347 📍 Sell Zone: $83,094 – $87,480 The highlighted accumulation area aligns with: ✅ Fibonacci retracement support ✅ Previous market structure support ✅ Potential Elliott Wave corrective completion However, bulls still face a significant obstacle. The 200 EMA remains above current price action and could act as strong dynamic resistance during any recovery rally. A successful reclaim and close above the 200 EMA would strengthen the bullish outlook and increase the probability of a move toward the upper sell zone. Key Levels: 🔹 0.236 Fib: $72,804 🔹 0.5 Fib: $77,574 🔹 0.786 Fib: $83,094 🔹 1.0 Fib: $87,480 🔹 1.618 Extension: $101,489 The RSI and Stochastic indicators are approaching oversold territory, suggesting bearish momentum may be weakening. Traders should watch for bullish confirmation signals within the buy zone while keeping a close eye on the 200 EMA resistance overhead. A break below the buy zone could invalidate the current bullish setup and open the door for deeper downside. ⚠️ This analysis is for educational purposes only and is not financial advice. Always use proper risk management and wait for confirmation before entering a position. #Bitcoin #BTC #BTCUSD #Crypto #TradingView #ElliottWave #Fibonacci #TechnicalAnalysis #PriceAction #CryptoTrading