$BTC has everyone already bought into $59k?
At the moment, I see two scenarios:
1️⃣ We'll see a retest of $67,500 from the base's lower boundary.
2️⃣ A new low update followed by a return to the structure.
Why do I expect a new low update in N2?
Currently, many are set to buy at $59,000, as limit orders are placed here, and some have stops, so it would be logical to pierce this level and see the buyers' reaction. Additionally, there's a small volume at $57,500 that hasn't been taken yet.
If the price consolidates below the $59,000-59,600 level, the next support is expected at $52,000. However, this is another scenario to watch as it unfolds.
