After breaking below the $60,000 support level, Bitcoin experienced a significant drop to $56,000. While $56,600 has acted as a strong support, the market's reaction to the FOMC rate decision remains crucial. A higher-than-expected rate decision could deepen the decline, potentially leading to a drop to $53,000 if there's a daily close below $56,600. Currently, the price is 3% below the lower Bollinger Bands on the daily chart, historically indicating an imminent rebound. Although new highs might not be immediate, a short-term rise seems plausible. I anticipate revisiting levels above $60,000 shortly, hence I'm closing short positions and increasing long positions. However, these long positions are short-term, with preparations for new short positions in mind. Expecting decreased volume and sideways movement in May and Q2, staying in the game and maintaining positions within one's strategy framework is crucial. I've initiated a long position on ETH at $2,860, aiming to close it at $3,000, with a contingency plan for negative news with a stop loss in place. It's important to remember that while we can predict, no one can foresee the future definitively, and positions should be tailored to individual risk tolerance and financial circumstances. Always craft your own plan!#BTC‬ #bitcoin