D1 : Last 2 trading sessions is showing a switch from a BULL mode to a BEAR one. Indeed, looking at the last 2 closing sessions we can see 2 black candles with the one of yesterday, closing "timidly" just above Tenkan-Sen (conversion line). Today's ongoing price action is currently under that level, in having already tested the secondary uptrend support line. A new downtrend line (in red) took place and should now, be seen as the level to break in order to neutralise the current ongoing bearish move; interesting to note that, the resistance area to break, coincides roughly with the former D1 closing high @ 57500 reached on Feb 21st. 50 % Fib ret (43021-61781) @ 52401 ! CONCLUSION : In D1 time frame, as long as BTC does not recover and hold above 57500, global picture should be seen BEARISH. A failure to hold above both Kijun-Sen (Base line) @ 52401 ahead of Mid Bollinger Band (Leading indicator) @ 51908 would confirm further downside in opening the door for the 50000 psychological support...which is also roughly the 61.8 % Fibonacci retracement of the 43021-61781 rally (@50187).