BTC's recent price action has been particularly indecisive

The 58000-59000 range has been stubbornly refusing to drop
While the 61000 mark keeps failing to break through
Longs and shorts are locked in extreme tug-of-war
Many are confused about the market's next direction
And are speculating whether 58000 will be the ultimate bottom of this cycle
I still hold to my earlier judgment
The upside of this rebound is very limited
58000 is definitely not the final bottom of this bear market
There's absolutely no need to rush in and buy the dip
Everyone can clearly feel
That any small rally is immediately sold off
The core reason is that this rebound lacks spot buying support
Spot funds are still fleeing
A rally relying solely on futures contracts simply can't hold
As soon as it pushes up, it gets knocked down by spot selling
Currently, major funds are not buying the dip on the spot side
Instead, they are continuously flowing out
Plus, a large number of retail traders are piling in to buy the dip at 58000
The probability of this level becoming the final bottom is extremely low.