Hi Traders looking at BTC on a 4 Hour chart here we can see it has failed to break and close above the pivot of $58761. There is a strong trend line which if we break below and fail to retest successfully then BTC can easily fall to the next support of $55665. Also note it could fall further as there is demand in the range of $53874 -$49375. If BTC close over the pivot and successfully retests it then the bearish thesis is invalidated
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