[Breaking News] On Monday, the price of Bitcoin fell below $60,000. Although it has recovered to that level, the market is still paying attention to the next support line. John Glover, chief investment officer of Ledn, said that the next support level may be $55,000 or $56,000. If it falls below this level, it is necessary to pay attention to $49,000. Glover remains optimistic about the market. He predicts that inflationary pressures may appear in the fall, pushing Bitcoin higher. At the same time, the SEC may approve a spot Ethereum ETF in late summer, further pushing up prices. He also pointed out that we are in the early stages of Bitcoin adoption by a larger investor market. Glover's prediction is based on the Elliott Wave Theory. He believes that we may be in the third wave of the fifth wave, which means that Bitcoin may need to pull back again before gaining momentum to move higher.