Over the past 24 hours, $BTC has been trending upward overall, with the price precisely holding the critical support at 61200-61500 (midline of the descending channel + July 6-7 low area). After failing to break below the support, it rebounded. Since the evening of July 2, it has been consolidating sideways for a week, forming a 'sideways instead of downward' structure, significantly increasing the probability of an upward breakout. Multiple bullish technical signals: - Yesterday's green candle engulfed the previous red candle, mitigating bearish risks and forming a bullish engulfing reversal signal. The prior support at 57800 held effectively, invalidating the bearish pattern. - On the capital side, $BTC and $ETH saw net inflows of $160M and $299M in spot funds yesterday, respectively. - Indicators and weekly chart: The daily MACD is about to form a bullish golden cross; the weekly chart closed with a green candle, showing signs of a golden cross. The bullish trend is likely to continue. Waiting for the price to pull back to the 63500-63000 support zone to set up short-term long positions. Stop loss at 62400, target around the previous high of 67000. No need to expect new lows in the short term. The core strategy is to go long near support levels.