BTC could test the $50K level if bearish pressure builds, but exact targets depend on market structure. A quick way to gauge potential support is the classic pivot point: P = (High + Low + Close) ÷ 3 of the previous daily candle. From that pivot, the first support is S1 = 2 × P – High and the second support S2 = P – (High – Low). If today’s high/low swing places S1 around $48‑$49K, a break below could push BTC toward $45K‑$46K before buyers step in.
Use tight position sizing (e.g., 1‑2% of account per trade) to survive a $50K breach.
Keep daily loss limits in mind – most crypto prop firms, like Breakout Prop (code BRIDGE 5% off), enforce a 5% account‑wide drawdown.
Combine pivots with volume‑profile or RSI to confirm oversold conditions.
Feel free to share how you blend pivot analysis with your prop‑firm risk rules!