Bulls and bears are battling it out. The bears' main forces closed their short positions below 60K to take profits, while the bulls are putting real money into buying below 60K. Around 60K, the bears have temporarily exited, and the bulls are stepping in to sweep up. If the price stalls at 61,200, the bulls' profits will be relatively low, so they might not surrender just yet. Meanwhile, the bears' main forces may not be eager to attack either—the best strategy would be to let the bulls push the price up first, wait for momentum to weaken, and attract more bears to join in and target the bulls. As a result, a rebound to around 62,200 seems like a more reasonable price level and is the most likely scenario based on predictions.