Bitcoin has spent the weekend hovering around 54k recent low, just to spike up a few hours back, in Asian session. At this moment the price is 57300, well above 55.500 support Regardless of this 10% rise from the bottom to the top, BtcUsd is still under trendline resistance and the important 60k and the situation is still unclear. Only a continuation of this rise and a new high above 58.500 would convince me that the correction is over and it is time to buy. Till then my approach is to wait and see