the price may fall much more and reach the 50K goal and support. 57627.63 support and the green trend line resistance are the primary support and resistance zones at the moment. If the price breaks through a key level of support or resistance, we may anticipate a larger drop or a smaller, more localized increase. After this support and resistance on the chart, the price is now confined to a narrow range.
The support rests at 57627.63 with resistance at 57985.43 which the price is below the Pivot Point at 57752.97 located between the lines. The EMA of 10 is showing a slight bearish bias in the ascendant channel, and it is below the EMA of 100 and 200. Both EMA of 100 and 200 are moving downward. The RSI is moving toward the level of 30, the MACD histogram is in positive territory with the signals showing downward momentum and the Stochastic is moving in low ranges. The ADX is not showing a buy signal.
The price is below the Ichimoku Cloud and the Chinkou Span is near the market price. The Tenkan-sen and the Kijun-sen are both showing a horizontal momentum.

• There is resistance at 57985.43, followed by resistance at 58110.77 and 58468.57.
• There is support at 57627.63 Below, there is 57395.17 and 57037.37.

Note: We do not suggest any investment advice, and these analyses are just to increase the traders’ awareness but not a certain instruction for trading.