The overall $BTC market is in a bear market bottoming phase, and the bottoming cycle could last for several months, with the trend being a gradual downward consolidation. Support: 61,000-61,800 is the short-term key support zone, with 61,000 being a strong buy order from major players, totaling 200 million. Resistance: Upper resistance is at 64,000-64,700. If broken, there’s potential to test 67,200. Risk: If 61,000 is effectively broken, it will test the previous low, with the next target around 55,000, where major players have placed a 110 million buy order. Current range: 61,000-64,500. Near the bottom of the range, you can try light positions with low leverage for longs. At the top of the range, consider shorts again, with a stop-loss controlled at 2%. This round of buying is nearing its end. Even if there’s a brief spike, the probability of a smooth downward trend increases as the August cycle begins.