$BTC couldn’t break above the previous highs of 66,000–67,000, showing weak momentum and facing downward pressure again. On the larger time frame, there’s a possibility of another dip, potentially leading to the ultimate drop to 56,000. The MACD indicator maintains a bullish structure, but the moving averages are in a bearish alignment, creating resistance. In the short term, there’s a slight rebound demand, but the overall trend remains under pressure. Don’t easily go long near the high range. On the daily chart, there’s a possibility of forming a converging consolidation structure, with highs gradually lowering and lows slowly rising. Volatility continues to narrow, so we’ll wait for a breakout in either direction. If the rebound lacks strength, another downward move is expected. Key short-term support: $62,400 Strong support zone: $61,500, which has been tested multiple times and held, making it a critical level to watch for mid-to-long-term positions. Projection: If $61,500 is effectively broken, the next target is the previous low of $56,500. Intraday key levels: Support: $62,400 $61,500 Resistance: $65,400 $66,400 Consider short positions near the $67,000 high. With the larger time frame under pressure, bears may have one final drop left. Once that final drop is complete, it’ll be time to scale up positions.