The market has remained at a consistent level for the past 57 hours, and historically, a prolonged period at the same level often precedes a market break. Currently, our focus is on the $60,390 level, and it's advisable to wait as downside momentum is increasing, with investors withdrawing from the market.
Behind the scenes, there's been support for the past 4 hours, and if the market hits the $61,600 level, it would signify a significant development. If it reaches the $61,600-61,700 range and BTC forms a bullish 15-15-15minute(three candles), the market may experience temporary bullishness. However, if such a candle fails to materialize, the market is likely to return to its previous level.
