$BTC btc market analysis. The parallel low has broken down below 59060. Although the daily chart has broken below and then recovered, on the smaller timeframe there is one high-volume bullish candle. However, it has not created a higher high. This is not strong price action. Be patient and wait. Trading plan: if price reclaims the low at 59060, and on the smaller timeframe there is a large bullish candle with high volume and it creates a higher high, then it is strong price action. A short-term long signal.