$BTC BTC has experienced about 60 days of range-bound oscillation, but the current position still faces significant selling pressure!

On a larger scale, the 60,000-74,000 range is the peak of the 2021 bull market and the oscillation and consolidation zone for 2024.

In this range, there will inevitably be a longer period of oscillation and consolidation, moving back and forth.

There are two possible future trends:
1. Continue to consolidate within the 60,000-74,000 range, extending the time cycle, then continue the bull market!
2. Break below 60,000 to explore the next bottom, with the 50,000 level offering more support!

Currently, the short-term outlook for Bitcoin is more bearish, and whether it stabilizes at 60,000 or drops to 50,000 depends on individual judgment!