After retesting the 57,184.59 support trendline zone, the BTCUSDT market has been struggling to move bullish. There was a recent retest at the 59,652 resistance zone, which caused the market to sell off with a long wick. Currently, the market is retesting the 58,181 minor zone, and I expect the support level to push the market back in a bullish direction.
📊QUICK FUNDAMENTAL LOOK
The Bitcoin (BTC) price briefly bolted back to the north of $59,000 following softer-than-expected that boosted hopes that the Fed will start cutting interest rate by the end of summer.
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