From the perspective of BTC star line structure, let's review the key short-term levels and the bear market bottom order zone.

Currently, BTC is showing significant volume at the 60,000 level. I personally am no longer extremely bearish.
The massive volume at 60,000 indicates two possible scenarios: either panic selling or active accumulation by funds. Combined with the previous continuous decline from higher levels, it seems more like selling pressure above and support below, which can be understood as institutions offloading at high levels and replenishing at low levels.
Emotional bearishness at this point is no longer cost-effective.

I lean more towards: this is most likely a stage low point.

If the turning point holds, the short-term resistance levels for BTC rebound are:
75,068, 79,787, with peak volume resistance around 80,216.
Whether it can truly stabilize depends on volume support; until then, I won't look for higher levels.

If black swan events continue downward, I plan to place orders at several key levels:

1. First order: 58,739 (traces of previous bull market high)

2. Second order: 48,189, 46,216 (peak volume resistance on the yearly level)

3. Third order: 43,929 (area of concentrated chips after 2024)

Below 40,000, watch 35,045 and 29,184, but given the current market, there's no need to look that far ahead for now.

In the short term, focus on the gains and losses at these two levels: 64,168 and 62,909.
Holding these means building a bottom in consolidation;
losing them means deeper adjustments.

To sum up:
In the short term, it's not suitable to be emotionally bearish; structure is more important than opinions.