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$BTC
59K. Here comes an interesting aspect.
Last night, after breaking through the previous low of 59K, a strong bullish engulfing candle appeared on the 4-hour chart, which is a typical liquidity sweep behavior.
The sweep action saw increased volume, pushing the price to bounce back. There was also follow-up buying, but not strong.
If buying volume picks up after subsequent consolidation and breaks through 62.5K, the market will start a new round of rebound recovery.