I've repeatedly warned everyone that 58,000 wouldn't hold, and a couple of days ago I said outright that the market would break down through this level. Today, BTC hit a low of 57,700, and the price movement is exactly following my forecast.

After the breakdown, funds immediately entered to pull it back up. On the 1-hour chart, there was a volume surge with a wick rebound, sending the price straight up 1,700 points to 59,400. The short-term rebound materialized as expected.

Next, the key is whether 59,000 can hold stable. If it does, it will challenge the 60,000 gap zone. For now, the 57,700 low is temporarily safe, and it's hard for BTC to break that level again in the short term. The overall trend leans toward a repair-style rebound.

However, a word of caution: this is just a short-term bottom. The long-term bottom is still far off. Once this rebound runs its course, there will still be more downside room. The overall market will continue to consolidate and grind for a long time. The true bottom is expected to arrive between October and December. Patience is the best strategy—don't rush to go all-in. #Sharplink增持1万枚ETH