Bitcoin is currently in a stage of false rebound followed by further decline; any rebound without volume is just playing tricks, indicating that no one is seriously entering the market to buy the dip. After Bitcoin's deep bear market bottoming out in the second half of the year, it will be an excellent opportunity to buy the dip in a new cycle, just like the $16,000 opportunity at the end of 2022.

In the short term, it is highly likely to enter a range-bound consolidation, oscillating between $60,000 and $64,000. The historic large decline has not yet arrived; currently, it is only a temporary rebound after a decline. The market will not continue to decline in a straight line; after a narrow range of fluctuation, a further drop is more probable, creating new lows for the phase.

Key support zone: $60,000 - $60,700. If the price effectively breaks below this area, all current rebound signals and bullish patterns will be invalidated, and the market will revert to a weak state.
Brothers who want to recover their positions and make a comeback with CPI tonight can tag $ETH in the comments.