By examining the 4H chart of BTCUSDT we can see that after reaching 65,409 last week, it started to drop once more, going as low as 62,275, and is now being traded at around 62,600 level.

I expect BTCUSDT to drop further at first and sweep the sellside liquidity pools below the 62,750, 61,824 and 61,306 respectively, and then bounce back up from the 61,000 level going towards higher targets, eyeing 63,796, 64,700 and 65,409 levels as its initial targets.

However, if BTC fails at bouncing back up from the 61k level, it could drop further and further towards 59,600 and 57,800 levels.