It seems that the symmetric triangle is breaking in the downward direction on lower timeframes. The price is attempting to break the small downtrend line but is currently trading below it. There is a possibility that we might witness a test of the lower support area before the next move. It is recommended to keep a tight stop loss in all open positions.
- Support Area: $59,000-$60,000
- Next Support Area: $54,000-$55,000
- Resistance Area: $64,000-$65,000
