BTC ifrastructure bill update

Hello everyone. I know it is a bit disappointing. It seems the infrastructure bill has hit BTC hard. There are a few things I want to point out. The 59500 level is strong support with the confluence of the 50 MA and VWAP. We should see a reaction here, and depending on the reaction, we will understand where BTC will move next. There is now a possibility that BTC has been forming an expanding flat, which is a common correction wave pattern. This will completely reset all the indicators creating an extreme oversold condition and a great opportunity. If we have a weak reaction at 59500 with a retest of the broken support from the descending wedge, we can expect BTC to dip to 54 with a possible wick at 52. Now do not panic. Let s see what happen at the 59500 support. I must say I didn't expect this.
The indicators are looking oversold, which is typically bullish. However, there was a good volume increase on the support breakout, so we have to wait for today's close. My bull run target is still the same. The timeframe may be delayed depending on what happens in the next 2 days.