Hi dear followers, Based on my analysis on bigger picture, This drop is just a pullback before next strong leg up. It is just my idea and you must take your decision based on your own analysis.
58000$ can be a bottom for BTC IMO. To be sure about the end of this correction we need to see a breakout of Current descending trend line which I have drawn on the chart.
IF 58000$ can't hold this price falling, The next target will be 54000$ Which is a good support zone.