$BTC Failed to reclaim the 72K-70K zone, which has been a region where we have repeatedly taken profit and reduced positions. Looking ahead, this will still be a strong macro resistance area that needs to be broken through before potentially moving toward the 70K low in mid-April 2025. Currently, BTC does not show strong signs of a local bottom, especially after completing this bearish retest.

A still-possible sign of a local bottom is a 3D bullish divergence, which may start forming below 63K and, in the worst case, extend down to 58K-55K. This may not be a macro bottom, but it can serve as a foundation for another move toward the 70K-80K range, followed by a trend toward lower levels later this year. Overall, the macro structure remains weak, with multiple higher time frame(HTF) showing lower lows.
We will continue to monitor macro levels and constantly evaluate our long-term buy signals to determine the best time to begin the first phase of BTC accumulation. Remember, BTC is still in a macro downtrend, which means upward exposure should be well managed. My long-term accumulation range between 45K and 28K remains valid, and based on BTC’s macro structure, this possibility still holds significant potential.