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$BTC
There's an interesting side to the 59K.
After breaking the previous low of 59K last night, the 4-hour chart showed a strong bullish engulfing candle, which is a typical liquidity sweep behavior.
The sweep action saw increased volume, driving a price rebound, with buying following suit but not strongly.
After subsequent adjustment, if buying follows and breaks through 62.5K, the market will start a new round of rebound recovery.