#Bitcoin currently has cascading resistances on 1 hour TF, 20 MA 61,900$, 50 MA 62,800$ and 200 MA 64,300$, the 1 hour chart looks weak and may follow another downward wave if it does not hold the support at $60,600

In this context, I will position myself with pending orders at $57,500 and another order at $54,700