Contra Flow

$BTC As I mentioned yesterday, as long as the low on the daily time frame remains intact, the prospect of a recovery in the coming days remains entirely valid. At the moment, the market is holding a key area of demand. Every new test of this support level – provided it is not decisively broken – increases the likelihood of a bullish reaction and an attempt to recover towards the higher resistance levels. This does not mean that the low has already been confirmed, but simply that the sellers have, for now, failed to establish new lows. If the support continues to hold, the likelihood of a rebound will gradually increase.

We got the expected rejection as there has been no real clarity on geopolitics front. Along with how $SPCX is now down 35% almost from ATHs - thats pretty insane for it being a stock, a lot ppl are under water, especially retail. These type of movements shake confidence within broader markets as well. If $BTC closes under $61.5K on daily & weekly, we can expect the final flush towards low 50s soon.