I've just noticed that the Bitcoin market recently, and the situation is quite tense. The BTC price has previously dropped to around $66k USD, now it's around $77.89k but the recovery momentum remains weak. It feels like recovery slides are not easy at all when the entire market is very cautious.

On-chain data shows that quite a few people are in loss, which subtly changes trading behavior. When holders are in negative territory, they tend to prioritize exiting positions to break even rather than buying more, and that's why rallies can become opportunities to offload risky assets. Some well-known analysts like Willy Woo have also warned about the possibility of a bigger crash, which makes the market even more cautious.

There is a key level of $60k USD that the market is closely watching. If this level cannot be maintained, recovery slides could turn into deeper corrections. Currently, my strategy is to reduce leverage, clearly define stop-loss points, and wait for clearer signals before increasing positions. The market is in a waiting phase for confirmation, so patience is needed rather than rushing. I will continue monitoring whether BTC can regain momentum or slide down again, and what the next catalyst might be to change sentiment.