Bitcoin (BTC) • A shakeout in the making before 70k?

Price is currently looking somewhat weak and the books are very crowded on both sides.

My assumption is that the market believe 58-60k is strong support due to monthly opens but there is also a good chance we see a bear trap by visiting bellow 58 and incentivising panic sellers to jump in plus plenty of stops just under the 58 down to the 54 range.

Watch the video for explanation of the hypothesis.