Trade Ideas #BTC☀ is showing a sharp bearish candle on 1- hour time frame.
Our pivot point is at 56560.
Our preference
The upside prevails as long as 56560 is support.
Alternative scenario
The downside breakout of 56560 would call for 55710 and 55210.
Supports and resistances
59870 **
59370 *
58870 **
58370
57361 last
56890
56560 **
55710 *
55210 **
Number of asterisks represents the strength of support and resistance levels.
