Bitcoin, at the 71,900 peak, is waiting for a drop,

In the second half of the early morning, it dropped all the way to 69,100, gaining 2,800 points of space, which can be called the hand of God. The pressure test around 72,000 is quite significant; a downward breakthrough and pullback could be deeper, such as the previous lows at 65,500 and 62,400.

According to historical patterns, Bitcoin's bear market is not just about a price but a roughly 10-month process of bottoming out. Currently, there are no obvious positive signals; instead, with no hope for rate cuts and potential rate hikes, along with factors like US-Iran conflicts and high US stock prices, the negatives outweigh the positives. Looking at the weekly chart, 60,000 is unlikely to be the bottom.