Hope everyone is doing well. As most of you know, I’m a technical analyst. I study charts, price action, and market structure. I don’t focus much on fundamentals, so my view is purely based on what the chart is showing. Looking at $Bitcoin from a monthly, weekly, and daily perspective, the 58K to 60K zone stands out as one of the strongest support and potential reversal areas on the chart. If Bitcoin is going to reverse, this is the kind of level where it would be expected to happen. The reason I find it difficult to understand targets like 40K to 45K is simple. If $Bitcoin loses this major support zone and starts moving much lower, there isn’t much in between to stop a deeper downtrend. In that case, even 30K to 35K becomes a realistic possibility. That’s why, from a technical point of view, this current area is far more important than the levels many people are focusing on. If you zoom out, $Bitcoin has already broken a major resistance from the 2021 cycle and is now retesting it. Historically, when a multi year resistance is broken, the first retest often acts as support. It would be unusual to see such a major breakout fail immediately and turn into a full bearish expansion. This is why I keep saying that if you’re planning to invest, it makes more sense to accumulate in parts instead of waiting for a perfect bottom. Nobody knows exactly where the market will go next. Trading and investing are all about probabilities, not certainty. Some people are waiting for $Ethereum at 800, 700, or even lower. Maybe it happens, maybe it doesn’t. But if you believe in a project long term, building a position gradually usually makes more sense than waiting for a single price that may never come. 📌 Not financial advice. Do your own research (DYOR).