Bitcoin is currently retreating towards the retest level at 4 hours. BTC should not close the 4-hour candle below 58, which is important for us. It would be normal for it to complete the retest and turn upwards and retest between 59-60, but I reiterate that closing the 4-hour candle by falling below 58K will show that the previous rise was a trap and the decline will deepen. For now, our direction is up. There is still 1 hour and 40 minutes until the 4-hour candle close.
