Market situations like current one are always tricky to correctly estimate.

Why?

On the one had you have a clear break in structure as $BTC lost 58k power range on the daily.

On the other side you always have the possibility of this move to be one orchestrated by market makers to make you panic and sell.

How I approach such situations is really level by level.

First we lost the 58 - bearish sign.

Next you look for a reversal in the lower 50s - this happened.

Now you check if $BTC can push itself into the range above 58k again.

If yes - bullish.

If it gets rejected - bearish.

Then you look for the next level after confirmation.

I def hope it reclaims the range, all eyes on daily and especially weekly close tomorrow.