$BTC #BTC

The recent trend basically matches expectations. After the price pulled back to the yellow trend line, it found support and began a modest rebound. The short-term focus is whether tonight can effectively hold the key pivot level of $61,500. If this level holds, the bulls may continue pushing higher, with the target directly pointing to the completion level of the bearish-to-bullish shark harmonic pattern at $66,600; otherwise, once $61,500 is broken, the support below will quickly fail, and most likely it will directly test the triple-bottom area near $58,000. 🔥
From a medium-to-long-term perspective, the $58,000–$65,000 range has initially formed a primary accumulation structure, with the distribution of holdings becoming more concentrated. However, the formation of the major bottom still requires time; it is expected that a true medium-term bottom may arrive around September to October, at which point the market may officially start. In terms of trading, it is recommended to strictly follow the Wyckoff volume-price cycle logic, patiently wait for confirmation signals, avoid blindly chasing or panic-selling, and maintain discipline. ⚠️