BTC is still oscillating around 66K, with no significant structural changes overall. However, the rebound strength is gradually weakening, and the duration of the upward movement is shortening. The liquidity zone above has not been touched. The longer the consolidation lasts, the more funds are attracted to the lower liquidity zone. Unless there is a major news event to break the balance, the market is unlikely to suddenly crash; a slow decline toward the lower liquidity area is more probable.

BTC shows no clear reaction to employment market data and remains below the bear flag lows. As long as it cannot reclaim the 69K-70K range, there is still a short-term possibility of dropping below 60K. The bear flag could fully break down. From a macro perspective, other levels have limited reference significance. The recent lows between 63K and 60K are not considered critical in the trend. From a medium-term view, any level below 50K holds value. If such an opportunity arises, we still have a long-term DCA zone established last year that will not be adjusted for deployment.