Bitcoin loves to bounce off those long term trendlines, the first one is the usual culprit, whereas the lower line is usually only hit during a big panic (last time in march 2020 due to the corona dip). Anyways it seems that the 78.6 level meets that trendline sometime in November, if it moves down until November and hits the fib level and the trend line congruently, I believe it will set us up for another bullish scenario, especially if the Fed keeps the money printer on hyperinflation mode.