BTC ETH Yesterday, the U.S. stock market only dropped by a little over 1%, just hitting the lower edge of the consolidation range without breaking it, but Bitcoin ($BTC) unexpectedly took a sharp dive straight down to around 58; You can see that the 58 level does have strong support, but compared to the pace of the U.S. stock market, this drop happened way too fast. If the U.S. stock market breaks the consolidation range and starts accelerating downward, there won’t be much room left for Bitcoin; So now we need to see if this strong support around 58 can trigger a rebound that pushes Bitcoin straight back above 70K. If it can rebound above 70K, even if the U.S. stock market starts accelerating its decline, Bitcoin could still show resilience, and 58K might end up being the final bottom of this consolidation phase; If the market becomes even more extreme and 58K ultimately doesn’t hold, leading to lower levels, the probability of profiting from buying Bitcoin around 58K during the next round of consolidation is still very high; One signal to judge whether a consolidation bottom has formed is if Bitcoin spikes upward and then quickly drops by over 15 points, or spikes downward and then quickly rebounds by 15 points. That would basically indicate the trend has ended and the market has entered a consolidation phase. Currently, Bitcoin has already rebounded close to 10 points, so if it can rebound straight to around 70K, this downward trend will be over. The only variable left will be the performance of the U.S. stock market;