If BTC fails to hold 56.5 then we see a trip back to the 100MA, possibly a wick to 52k at bottom of ascending channel. Best place to set a long would be if BTC flips 59.8 to support. Close under the trend at 50.4 and we'll likely test 48K. Possible short scenario. 48k would be the next level to watch, lose that and see a H & S play out.