for the person who is waiting for another low. as you can see, plus from my point of view, the yellow area looks more corrective than a motive. which is the reason i thinking of BTC can make another low before it will rise to make wave1 of 5.
so, from Fibonacci 31611.56 is a quite acceptable support zone, but it can make a 5-truncate at 32971.08 :)
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