BTC fell to the 60,000 mark and tested it several times, but the big positive line was immediately withdrawn, indicating that there is a large amount of funds here that does not allow it to fall further. However, the decline has no bottom. It is best to just fill some positions in the spot way first. As for when you can be bold, it depends on when the main force breaks through the pressure level and stands firm. Then the point to go up is very important. From the perspective of capital intention, 62,900 is a key position. If it breaks through and stands firm at this position after stopping the decline, the bulls will continue. Otherwise, be conservative and do some spot at a low level. During the interest rate cut cycle, funds will slowly enter the major trading reservoirs. This requires a process. It will not be digested so quickly and go bearish directly!