Bitcoin dropped from around 98,000 to around 59,800, then rebounded to around 71,700. The continuous collapse caused a sharp decline of over 30,000 points, and the rebound nearly 12,000 points. The overall trend remains bearish and weak.
59,800 may become a short-term bottom, as this wave of rebound reversed overnight. As for whether it can form a medium- to long-term bottom, at least it needs to effectively hold above 80,000, so we will not make a judgment on this for now, because many people are uncertain and cannot hold steady.
Additionally, there are many variables recently. Next week
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