Bitcoin / TetherUS
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BTC Daily Update 24 May 2021

187
Based on BTC daily chart, although it dips hard, but it created a higher low and is holding strong above the .5 fib level.
BTC is testing its downtrend resistance currently and a green candle closed out of the downtrend resistance at 36.6k may be a good sign of a reversal trend.
If BTC is rejected from its downtrend resistance, we may see a retest of support at around 34k.
RSI indicating BTC is currently oversold and may reverse once there is more strength shown in the chart.

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