56k likely as HK ETF fails to pump price. High OI = dump likely

The Open Interest (OI) rose significantly yesterday on the news of HK ETF being approved. This is likely due to retail traders longing BTC with leverage. Spot selling led to a 5% drop in price but OI still remains elevated. This usually means price will go further down for a flush out.
Next technical demand zone is 56k. Order books have high demand there also. We will likely see a flush down to those levels soon.