[Analyst: Bitcoin May Retrace to $74,600, but Mid-Term Trend Remains Bullish] Crypto analyst Darkfost stated in a post that there are no substantial changes in Bitcoin's technical outlook. The first impulse wave (Wave 5) has concluded at the expected level, and the market may now enter a Wave 2 correction, with a retracement target of $74,600, corresponding to the common 0.382 Fibonacci retracement level. Currently, BTC has fallen below the 21 EMA and is temporarily finding support near the 50 EMA, while the 200 EMA is located around $75,800. The RSI has returned to the neutral level of 50, and the gap with its 14-day moving average has widened, indicating that the market may first see a Wave B rebound before entering the final Wave C correction. Darkfost noted that there are no concerning signals at the moment, and Bitcoin's mid-term trend remains positive.