#Bitcoin mid-range breakdown ?

Price has broken down below the mid-range.

Today’s pump has been fully retraced, and it now looks like a bearish retest on daily chart.

Important support level is near the range low, which is $60,500. There are two possible scenarios:

1) Reclaim of mid-range which could lead to a run back towards the range high and probably a breakout this time.

2) Retest of the range low one more time before we go higher.

Both the scenarios are bullish but if scenario 2 plays out we might go sideways for longer.

The overall HTF structure remains bullish.

We are still in a bull market, dips are for buying.