60000 is not the final bottom, but it also hasn't been broken so quickly, and there is still some time for consolidation.

Recently, many people are saying that this decline will break below 60000. My view differs from most; I believe that this drop will not break below 60000. Although I also think 60000 is not the final bottom, it hasn't been broken so quickly either. I think there will be a false bottom built around 60000. Why?
First, everyone can look at past declines. Whenever there is a rapid volume-driven drop on the weekly chart, that position usually forms a temporary bottom, and this bottom generally isn't broken so quickly. It consolidates for several weeks. Currently, since dropping to 60000, BTC has only been consolidating for 3 weeks, which is far from enough. So I believe there is still some time for consolidation around 60000.
Second, why do I say there will be a false bottom around this area? Because after a large volume drop, BTC has recovered back to around 72000. This gives the impression that 60000 is very strong and that this is the bottom. I think the main players will follow the trend and complete a false second test here. This second test very likely means 60000 won't be broken, followed by a rebound above 70000, even breaking through 72000 for a false breakout, then dropping again to trap long positions around 60000. This is the scenario I envision. Just take it as entertainment, and don't use my speculation as a basis for trading.