Basic support and resistance is proving somewhat bearish for BTCUSD . If history is anything to go by,then we could be seeing a repeat of Februarys 26% correction. At BTCUSD current price we could still see an 8% drop down to 51k before turning and trending upwards again to around the 64k price. The Market Cipher B indicator on the daily chart has printed a red dot which could be confirmation of an incoming downward trend. I wont be putting in any longs at the moment,and will be looking to set a few buy orders between $ 51500-$51000. Trade carefully and good luck everyone.