[Fidelity: Bitcoin is approaching the bottom support line of the 'power-law model,' potentially entering the historical accumulation zone] Odaily Planet Daily News - Fidelity's Global Macro Director Jurien Timmer stated that Bitcoin is approaching the bottom support line of its 'power-law model,' which is constructed based on Bitcoin's complete price history. This long-term support level is currently around $58,000, while Bitcoin's current price is approximately $62,700, gradually nearing this zone and possibly entering the 'accumulation zone' defined by the model. However, Jurien Timmer has not confirmed that the market has reached a bottom, instead suggesting that Bitcoin may not experience a rapid rebound immediately but could oscillate near the long-term support line for several months. Short-term capital has previously exited the market, with funds rotating from Bitcoin to gold, and then from gold to the semiconductor sector. Currently, market hotspots remain primarily focused on the semiconductor field. (CoinDesk)