BTC is experiencing a retracement due to fears of a tariff war following the DeepSeek shock, which is cooling the already bearish market sentiment.
On the weekly chart, a bearish Sea Pony Harmonic pattern has formed. Historically, price forecasts based on this pattern have been reliable and robust.
How deep could this retracement go? It depends on the duration of the retracement. However, key levels to watch are 83k, 76k, and 69k around the gray box. I think 75k is the most likely target, followed by 83k and then 69k.
On the weekly chart, a bearish Sea Pony Harmonic pattern has formed. Historically, price forecasts based on this pattern have been reliable and robust.
How deep could this retracement go? It depends on the duration of the retracement. However, key levels to watch are 83k, 76k, and 69k around the gray box. I think 75k is the most likely target, followed by 83k and then 69k.
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