BTC had a strong panic drop from around 90K into the low 60K zone. That was the capitulation where weak hands sold. Right now BTC is holding the 2024 support around 65K to 70K. This is a key level. The bounce from the low 60Ks shows buyers are defending this area. As long as BTC stays above 60K, this looks like consolidation and base building, not a full breakdown. The main level to watch is 75K. If BTC reclaims it, strength returns and higher prices become likely. If BTC loses 60K, then the next major support is around 50K. For now, BTC is stabilizing and deciding its next major move.(Cyril-DeFi)