Based on the scenario of a bear-to-bull market reversal, the 57,700 level on the daily chart for BTC is becoming a consensus, and the probability of it falling back to this level is low, but not impossible. The transition period between bear and bull markets is fraught with pitfalls, and these two waves of decline have indeed been agonizing. However, it's important to clarify that if it breaks below 577 again, the resulting panic would be unimaginable. Therefore, it's more likely a bottom line indicator, not something to be repeatedly tested. Looking at the daily chart, BTC remains suppressed by moving averages after falling below 74,000-75,000, and is currently fluctuating between 72,000 and 73,300. Leverage has been significantly cleared, and wallets are increasing their holdings, but the overall liquidity remains weak, and ETFs and stablecoins have not yet shown signs of recovery. This isn't an immediate reversal, but rather a period of confirmation before a correction. Let's first see if it can recover to 74,000-75,000 before considering 78,000-80,000. 57,700 is the bottom line; don't get the direction wrong during this transition period. Wait for the correction to complete!