The 64,000 position of BTC is very important. Three phased plunges started here. The lowest price was 56,550 on May 1, 60,100 on May 11, and 53,500 on July 5.

The recovery here is the focus now. The 4-hour RSI has reached the oversold zone and may usher in a small adjustment. If it continues to recover strongly, it will form a strong support.

Don't actively chase here. Wait for the callback below 62,500 to re-attack and then enter the market. If it can stand firm at 64,000, it will form the third round of daily level rise.