CryptoMichNL said in a report from BieJie.com that Bitcoin is currently at a critical level. If it fails to maintain this level, he will buy when it drops below $65,000. He believes that no new low will occur; $61,000 is an important support level, and the 200-day moving average is also located there. He noted that the current structure is different from the decline in February; the $71,000 area is a key support that must be maintained to prevent a deeper correction. If support holds, the $61,000–$65,000 range will be a buying opportunity over the next few years, and after a breakout above $76,600, a new high could follow.