📉 Bitcoin's Current State
Is Bitcoin finding its bottom after the recent drop, or will it continue its short-term bearish trend? Analyst Josh from Crypto World examined BTC charts and noted minimal change in the past day.

📊 Technical Analysis Insights
Josh observed Bitcoin's daily chart, highlighting a bounce from the $60,000-$61,000 support area, recently tested at a local low. A break below $60,000 could lead to further support levels around $56,500-$58,000.

📈 RSI and Potential Reversal
The daily Bitcoin RSI entered oversold territory, a rare occurrence in recent months, suggesting a potential bottoming or consolidation phase in the short term.

🛑 Resistance Levels and Relief
To relieve the bearish trend, Josh anticipates choppy sideways movement or a bullish bounce towards resistance at $63,000-$64,000, and possibly $67,000-$68,000. A significant hurdle lies at $72,000-$74,000.

📰 Positive Developments
Josh highlighted positive news: Bitcoin ETF flows showed a shift on Tuesday with a net inflow of about $31 million, ending a streak of net outflows. Continued net inflows could signal bullish sentiment for Bitcoin.