1️⃣ The trend is currently strongly bearish — a sharp dump has occurred on the daily chart, and lower lows are being formed.
2️⃣ The price touched the ~59,800 area and bounced — this is a major support zone; if broken, the next 56–54k range may come.
3️⃣ RSI is showing ~21 — oversold condition, short-term relief bounce possible.
4️⃣ MACD is deeply negative — momentum is currently with sellers, and even if a bounce occurs, rejection may be encountered.
5️⃣ Safe play: clear reclaim & hold above ~70k = bullish recovery signal; otherwise, expect sell pressure on rallies. ⚠️ Not financial advice.
