Today's market update... The drop early this morning completely formed a new LH and LL... The 1H bullish structure is broken... Yesterday's move also coincided with over 6-month-old coins on-chain being dumped, slashing over 3000+... Planning to mainly observe today... Will reassess the situation after this week's FOMC and earnings reports are out... Where will the bulls find support after the breakdown? Still using the color band model and that whale with the 1300+ spot orders as references... Right now, the color band is still in the distant green zone... Spot demand in the closer price range remains weak... The main focus is still on the potential areas circled in Chart 1, where the color band might shift to a closer range (influenced by the 1300 whale). For swing trades, keep an eye on the 61.5k~62k range and monitor the color band situation. Just observing for today.