Bitcoin was near the $56,000 mark, consolidating after it fell to as low as $51,541.16 on Sunday and after setting a record high at $64,895.22 on Apr. 14.
The short term trend bias is still down with the pattern still hinting for a drop along 52544, testing previous swing lows. Sustained action under 52544 could fuel selloffs ⇒ 46242. Trade should find resistance against 58376 to maintain pressing bear forces.