Bitcoin has experienced several washouts recently, with a drop of about 15%. Faced with the current market situation, many people are asking: Has this washout bottomed out?

By analyzing the previous market adjustments, I suggest that you can pay attention to the 0.5 position (that is, around $61,000), which may provide an effective support point. If the price of Bitcoin falls to this level, it may encounter some buying support. However, if the price falls below the key psychological level of $60,000, it may trigger an accelerated decline in the market, which is a risk point that needs to be closely watched.

Nevertheless, from a macro perspective, we have not seen the beginning of a real interest rate cut cycle, which means that big funds may not have fully flowed into the WEB3 field.

In addition, the current Bitcoin daily level has begun to show signs of closing in the red, which may indicate that market sentiment is gradually stabilizing or that new buying has entered the market.

In such a market environment, we should remain cautious, while also paying attention to the market's macro trends and technical indicators. Although there may be fluctuations in the short term, in the long run, the market's fundamentals and capital flows will be the key factors in determining Bitcoin prices.