Big Bitcoin ($BTC) is currently in a phase of false rebound followed by another downturn. Any rebound without volume is just playing games, which shows that no one is rushing in to bottom fish. After Bitcoin hits a deep bear market bottom in the second half of the year, it will be the perfect opportunity to catch the bottom of a new cycle—just like the $16,000 opportunity at the end of 2022. In the short term, it's highly likely to enter a range-bound consolidation phase, fluctuating between $60,000 and $64,000. The historic major crash hasn't arrived yet; the current situation is just a phase rebound after a drop. The market won't keep going down in a straight line—after some narrow-range consolidation, another drop is more likely, potentially hitting new lows for this phase. Key support range: $60,000 - $60,700. If the price effectively breaks below this range, all current rebound signals and bullish patterns will be invalidated, and the market will return to a weak trend.