From a daily chart perspective, Bitcoin's price action has broken below the 120-day moving average (MA120), indicating a breakdown in its price action. If it cannot recover to 76,000 and return above the long-term moving average in the short term, it will likely continue its downward trend, potentially retesting the 70,000 psychological level, or even falling below 60,000. After a year of waiting, the opportunity to buy the dip in the spot market is approaching.