BTC is currently in a quite tricky condition. I noticed that an evening star pattern is forming on the daily chart, and this has become a fairly reliable signal for a bearish move. So my scenario still remains, we might retest the 60k level first before there’s a more serious rebound opportunity.

If the support in this area isn’t strong and BTC breaks down, my final target for this bearish phase is 48k. But let’s see first whether the market can hold or continues to slide down. If 60k is broken, 48k will become a zone to watch before we see a stronger bullish momentum.