bitcoin is currently probing the area around $58,000 - $60,000. The price has dropped after hitting this resistance zone and shows signs of continuing its downward momentum.

Both the EMA 34 and EMA 89 are signaling that the downtrend remains dominant, with the EMA 34 below the EMA 89, indicating weakening price strength.

A likely scenario is that BTCUSDT will continue to correct down to the target range of $49,000 - $48,950, as suggested by the arrows in the chart. The resistance zone ($58,000 - $60,000) will act as a strong barrier, and BTCUSDT is expected to face heavy selling pressure as it approaches this

area.

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