BTC crashed from $58,000 to $45,000 at once, the situation is that the bottom price has been solidified and the price continues to rise.
Looking at the 4-hour bar, trying to break above 100MA, $50,000 line, rising parallel channel lower limit line. It is expected to rise to a strong level of consciousness of $52,000 if supported through here.
If you can get out of $52,000, the upside will be lighter. It is likely that you will be aiming for the highest price and $60,000.
However, it is easy for shorts to target the return after lowering it significantly. You have to be wary of selling back.
If you can't get past $50,000 to $52,000 and fall again. You should also expect a drop of up to $40,000.
For the sake of better performance in March, i think btc should keep it low until end of the month. Some price consolidation around this level should be good. I expect further fall, then rebounding back around 50k