BTC Analysis - Can we trust the pump?

BTC trades around 60.7k, showing potential signs of recovery, however a decisive break and retest of 61k could confirm bullish momentum… Still under 1D 50/200MA, after a bearish cross could still mean further downside towards 58k - maybe even 50k. Reclaiming 1D 50/200MA could signal a recovery.
Trend Analysis

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