After BTC falls below 60000, there will be no serious fluctuations, only a weak rebound around 60800. Will it stabilize on its own and have opportunities?

The weak rebound structure of the current market in a downward trend is essentially a transitional stage of emotional repair combined with incomplete deleveraging, rather than a trend reversal. BTC's current price is around $60748, down 3.44% in 24 hours and 6.12% on the 7th; Within 24 hours, a total of 3.475 billion US dollars was liquidated across the entire network, with 2.763 billion US dollars being liquidated in multiple orders, accounting for approximately 79.5% of the total. This indicates that the long positions in the previous period have been concentrated and cleared. The Fear Greed Index is 12 (decreasing by 29% after 24 hours), and market sentiment quickly enters the extreme fear zone. At the derivative level, the holding of BTC perpetual contracts is about 100.6 billion USDT, slightly lower than the previous day but still at a historical high, indicating that deleveraging has not been completed and there is still a risk of secondary volatility in the future. The Fear Greed Index 12 enters the extreme fear range, reflecting an extremely pessimistic short-term sentiment. It can be used as an environmental indicator for long-term funds to pay attention to odds, rather than a short-term stop signal. In terms of technical structure, the current rebound momentum is significantly weaker than the downward trend. The area above 61000 to 61600 is still a dense pressure zone, and 62500 is the boundary between the strength and weakness of the trend - yesterday's high point 63239 and the daily K high point 65622 still constitute the upper reference. If the volume cannot break through 62500, the rebound is more likely to evolve into a volatile correction structure during the downward process; The support below focuses on the 58000 and 55000 areas. The 7-day K-line low point of 59102 has been tested once and is more inclined towards liquidity retesting rather than final bottom confirmation. Overall, the market is still in the recovery game stage after the decline, and the trend has not yet completed the transition. The opportunity level can be divided into three categories: in the medium and long term, BTC can be invested in batches based on the extreme fear interval (FGI=12), in exchange for smooth fluctuations over time; Short term trading needs to wait for failed structures such as rebound, contraction, or rise and fall. After confirming the pressure zone between 61000 and 61600, consider going short accordingly to avoid early entry and being consumed by fluctuations; In terms of local strong coins, AAVE ($79, 24-hour+9.0%, 7-day+6.31%), TRX ($0.3276, 7-day+1.9%), SEI ($0.0554), and JUP ($0.2188) belong to the fund rotation market, which relies on overall sentiment for sustainability and is more suitable for light position testing after a correction rather than chasing after a high. The current BTC perpetual OI is still at a high of about 100.6 billion USDT, and there is a possibility of rapid fluctuations caused by secondary deleveraging; Under a weak rebound structure, it is easy to experience a bullish and bearish dual sweep loss market; If the price stabilizes above 62500, the short-term bearish structure will fail and may trigger a trend reversal expectation; At the same time, counterfeit currencies are still in a high-risk area before BTC stabilizes, and positions need to be strictly controlled. The core of the overall strategy is still waiting for the completion of deleveraging and confirmation of the bottom structure. Prior to this, the focus will be on phased layout and structured trading, rather than unilateral bottom fishing or trend reversal judgments. Risk Warning: The above content is only for market information sharing and data analysis, and does not constitute any investment advice.