We saw another sell-off below $60k, as was likely. Price took some more liquidity from there and bounced. Now the question is... is the local bottom in?

There's still a lot of liquidity between $57k-59k, and now more from early longs, and this looks like a DCB. It's possible that we see another dump to this zone to take even more liquidity and shakeout the early longs, but could not happen as well.