BTCUSD: Potential Short-term Bullish Bounce

From tickmill.com

Bullish Bounce Key Levels: Resistance: 60814.83 Pivot: 58119.99 Support: 55348.88 Preferred Case: Price is approaching the graphical overlap support. We can expect price to make a short-term bullish bounce from pivot level in line with 127.2% Fibonacci extension, 127.2% Fibonacci projection and 50% Fibonacci retracement towards 1st Resistance in line with 23.6% Fibonacci retracement. Alternative Scenario: Alternatively, price might push further down to 1st Support in line with 161.8% Fibonacci projection and 61.8% Fibonacci retracement.