On the 4H chart, the overall trend is in a downward channel. The price is far below the mid-term moving averages MA144 and MA169, indicating clear long-term suppression. The recent highs continue to shift lower, and the bearish trend remains unchanged.

In the short term, support is at 57758, the previous low; if it breaks, it will open up further downside space. The first resistance above is at the 60000 integer level—only a breakout could help ease the weakness.

BTC around 59800: targets 58300 and 57800.