BTC at this level of 600,000 will repeatedly fluctuate; it won’t easily and effectively break down.

Referring to the 6,000 level in the 2018 bear market, it oscillated for half a year—each time after breaking below, it would slowly pull back, creating the illusion that 6,000 was the bottom, until later the $BCH and $BSV hashrate battle, and a sudden black swan event caused BTC to fall to 3,150 before it finally bottomed.
For this bear cycle, for BTC to effectively break below 60,000, it also needs a sudden black swan event. Before such a black swan event happens, taking short-term long positions at lower levels after BTC breaks below 60,000 can be a pretty cost-effective move.
The dark horse is coming—unstoppable! Low market cap, aiming for at least a 100x.