The BTC rate immediately fell below $60,000, to $59,217. The resolution of the situation around Zhao was not a positive development.
The price has reached trend support - this is support for the March-April loys. She broke through it, but did not update March’s line and bounced off.
The current two-hour candle is a potential reversal candle, with a “Cheap” signal from the trend reversal indicator. But the key question is how much growth it can generate. So far, such candles this and last week have only provided rebounds on the path to further decline.
The daily review remains in effect. The key support that now separates the scenarios of a reversal to ATH and a move to $56,361 or even $51,604 is $58,797.
