BTC has dropped to 64,000; be careful this time. In just a few days, it breached 70,000 and then 65,000, resulting in a large bearish candle on the weekly chart, essentially erasing the gains of the previous months. Cooling expectations for interest rate cuts, volatility in the US tech sector, continuous outflows from ETFs, and a stampede by leveraged longs… ultimately, there's an increasing amount of selling pressure, but insufficient buying support. More problematic is the weekly MACD showing signs of a death cross. With these signals converging, it's difficult to say whether the price has bottomed out. I'm currently focusing on the 60,000 level. From a long-term perspective of price distribution, there's some support around this level, but dense distribution doesn't guarantee a bottom. Once 60,000 is breached, 57,000 and even 51,000 should be considered. In short, if 60,000 holds, a rebound is still possible; if it falls, don't rush to guess the bottom.