Look at the chart! Currently, the 4-hour level has just retested near the most critical uptrend line (blue line in the chart) from the rise starting at 62k.

If it holds here, it will be the starting gun for off-exchange funds to re-enter the market. After washing out, we'll continue pushing higher. Otherwise, once it breaks down with volume, this batch of off-exchange funds will patiently wait for the market to go to around 66k or even 63k to find liquidity before making their move.

Remember, the monthly line already has 5 consecutive red candles and has dropped enough. The 60k support is also very strong, so we need a rebound here. If it drops and the indicators stabilize, that will be a good opportunity to accumulate at lows!