$BTC After BTC touched the 60500 level, there was no panic selling. Instead, it experienced a textbook "wick wash" — quickly dropping to 59500, then swiftly stopping the decline and starting to oscillate upward. The price has now steadily recovered to the 60000 mark, and the short-term bottom pattern is gradually becoming clear.

From a technical structure perspective, the 59500 level is precisely the upper edge of the previous high-volume trading zone and also a key support of the 4-hour ascending trendline. The second test in the early hours did not break through; instead, it triggered strong buying support, forming a bullish "double wick bottom" candlestick pattern, indicating that bearish momentum has clearly weakened.

As the price firmly holds above the psychological 60000 level, short-term moving averages are flattening and turning upward. The MACD indicator shows signs of a golden cross below the zero line, with green bars continuously shortening, suggesting that rebound momentum is building. If the price can effectively break through the short-term resistance zone of 60300-60500 within the day, the upside space will be opened, and it may subsequently challenge 61000 or even the previous high area.

In terms of operations, as long as 59500 holds, the short-term strategy remains to buy on dips. The current oscillating upward rhythm is more like accumulation rather than a reversal, and the bulls are still in control.