Thursday Night BTC Report. Dropping more but not much

Thursday Night BTC Report. Price is hovering around the bottom of the 50-61.8% zone. 55,300 should work as a support level overnight. There is a very strong structural component at this level. A Rally-Base-Drop-Base-Rally is from 55,300 down to 53,500. Get ready for entries coming up. LASS is oversold on the daily and h4 and the stoch is nearly oversold. Price shouldn't drop too much further.