BTC

Primarily observing in the short term, not recommended to blindly buy the dip.
Currently on the daily chart, in a downtrend channel, $60,000 ~ $60,892 is a short-term psychological support. If it breaks below effectively, the next support is at $55,000 ~ $56,000.
If you want to enter the market, you can wait for a volume breakout above $64,000 to confirm a stop in the decline, or wait until it drops near $56,000 to build positions in stages.

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【Core Basis】
A 24% drop over the past month, with a clear weakening on the monthly chart, retracing over 50% from the ATH, indicating a deep correction phase.
Smart money data shows a long-short ratio of about 34:66, with a weighted long position ratio of only 36.9%, and net positions are negative, indicating overall professional funds are leaning bearish, with no clear signs of stabilization or reversal in the short term.

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【Risk Warning】
If the global macro environment continues to worsen (interest rate expectations/liquidity tightening), BTC could further slide into the $52,000 ~ $55,000 range.
When bottom-fishing on the left side, proper position management is necessary.

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