$BTC
### **Technical Scenario Overview**
The market has already completed the first two bearish phases:
-
**Phase 1:** 94,261 → 90,000 (psychological breakdown)
-
**Phase 2:** 90,000 → 85,000 (accelerated sell-off)
-
**Phase 3:** 85,000 → 78,341 (major support zone)
-
**Phase 4:** 78,341 → 74,508 (primary downside target)
### **Potential Bullish Retracement**
Measured from the bottom at **74,508** to the top at **107,500**, the key Fibonacci retracement levels are:
-
**23.6%:** 82,300
-
**38.2%:** 87,100 → medium resistance
-
**50.0%:** 91,000 → critical decision zone
-
**61.8%:** 94,900 → realistic bullish target
-
**78.6%:** 100,400 → confluence with the EMA 50
### **Main Question**
**Is this bullish retracement scenario likely to occur based on current market structure, momentum, and liquidity conditions?**
