Corrective Waves?

In the preceding 24-hour period, Bitcoin experienced a temporary downward fluctuation attributed to limited market volume. Presently, Bitcoin is undergoing a corrective phase within the 4-hour time frame, exhibiting an upward trajectory within the 1-hour time frame. Notably, Bitcoin's prevailing resistance levels are situated at $27,000 and $27,700. At present, Bitcoin is surpassing the $27,000 resistance, necessitating observation of its response to the second resistance level. Consequently, it is imperative to await the breach of the second resistance level before anticipating further price growth and an upward trend. Conversely, movements approaching the resistance levels should be viewed as retracements within the downward trend.