Let's talk about why this position is so critical right now.

Bitcoin has been around for fifteen or sixteen years since its inception. As time stretches, the cycles naturally become larger.

The first two rounds? They surged sharply and then fell hard, with short adjustment periods. I remember there was a significant weekly-level correction in 2015, and that was tough. In the last round, there were repeated three-day line corrections, and finally the weekly line was directly halved before hitting the bottom, and then—hey, a big rebound came, new highs emerged, and then the bear market arrived.

This round is different. The weekly chart has repeatedly tested the bottom and pulled back, having tested the bottom at the weekly level twice already. What is this? The bull-bear death line.

Whether it can reach a new high next will determine if the bull market is still on. If it drops below 84? Then 74 can't hold at all, and it will directly pull back to the 60,000 level on the monthly line. How many people can withstand such a decline? If it really breaks down, the leverage should stop loss.

That said, there will definitely be a decent rebound when the monthly line reaches the position of 60,000.