Btc has been anticipated since early June to face difficulty in a direct rally, with a high probability of entering a prolonged sideways consolidation. Before a unilateral uptrend, the market is likely to test the previous low of 57750. Only after effectively breaking through 67000 can the market open up more significant upside potential! Btc short-term bullish defense: 62400. As long as the support at this level isn't broken, we can remain optimistic. If the market effectively breaks below the previous low of 62400, the current bullish structure will be invalidated, the trend will weaken, and the market may further test the previous low. At the current price level, going long doesn't offer a favorable risk-reward ratio. It's more appropriate to wait for a pullback to the 62400-62000 support area before entering. Bitcoin's current core pattern: range-bound consolidation, lacking a unilateral trend.