Garrett Jin: Bitcoin's volatile consolidation is not over yet, with a probability of about 70% at the bottom of the cycle at $60000

Garrett Jin stated that Bitcoin has fallen after reaching a high of $82300, with strong resistance above $80000 and an ongoing period of volatility and consolidation. If BTC recovers $82500, the resistance range is between $83000 and $86000; If demand is weak, the primary focus should be on the support of $76000 to $77000. If it falls below, it will drop to $74000 to $75000, with key support at $72000 to $72500. Garrett Jin maintains the judgment that the probability of the bottom of this cycle being around $60000 is about 70%, and adopts a lower risk exposure in the short term.