K33: Bitcoin may enter a consolidation phase of $60000 to $75000

K33 stated that Bitcoin's drop to $60000 last week may indicate a partial bottom, and this round of selling has seen "surrender style conditions" in spot, ETF, and derivative markets, with trading volume, funding rates, and option skewness reaching extreme levels. According to some indicators, the daily RSI of Bitcoin fell to 15.9, the sixth lowest level since 2015; The fear and greed index for encryption has dropped to 6, the second lowest point in history. K33 believes that Bitcoin may enter a consolidation phase in the $60000 to $75000 range, with the possibility of support backtesting, but the significant downside risk below the recent low point is limited.