$BTC Long-term indicators are showing bearish signals, while mid-term indicators, like the 4-hour Bollinger Bands, are indicating that the lower band is curving up, the upper band is flat or even tilting down. This means we won't see a sudden drop breaking through the lower band; we need to unleash some bullish energy first. This is somewhat similar to what I mentioned about the May 18th daily candle at 76000, where it retraced before breaking down again. The drop on 518 was about releasing mid-term indicator space before dropping again, while this time it's about releasing short-term plus 1-hour indicator space before dropping. The 518 drop had the overall market indicators supporting a bearish bottom, and this time we have long-term 12-hour and daily indicators showing a bearish bottom as well.