I think this is what the bears are going for...
They are trying to hold the bearish head and shoulders narrative...perhaps a "complex head & shoulders" which would compete with an Inverse head & shoulders that you see painted on left and below.
Ultimately price will decide this, and of course that is decided by futures it seems short of any other fundamental news. Two competing narratives with an upside bias. For the bears, this is their last first barrier to 59/60K region.
They are trying to hold the bearish head and shoulders narrative...perhaps a "complex head & shoulders" which would compete with an Inverse head & shoulders that you see painted on left and below.
Ultimately price will decide this, and of course that is decided by futures it seems short of any other fundamental news. Two competing narratives with an upside bias. For the bears, this is their last first barrier to 59/60K region.