【Market Sentiment at a Cold Point, Bitcoin May Enter a Turnaround Moment】

Bitcoin has been maintaining a range-bound movement, showing relatively weak performance. Currently, market sentiment is very poor, with the fear index hovering at a historic level. Most cryptocurrencies' funding rates are in negative territory. Retail investors are hesitant to enter the market, and many are cutting losses and exiting amid the oscillations.

At this time, we should instead pay attention to buying opportunities. At the very least, we should hold onto our current positions. When things reach an extreme, they often reverse; a major rebound is highly likely.

After a rapid decline, the bears are starting to exhaust their strength. Without a strong upward push, it will be difficult to see significant upward space.

In summary, the lower end of the 65,000 to 74,000 range, around 65,000, is a good risk-reward zone. Stop-loss can be set below 64,000. However, if the daily closing price's real body breaks below 64,000, we should be cautious of the possibility of resuming a downward trend.

In terms of technical analysis, the outlook remains for oscillation and rebound. After some back-and-forth, Bitcoin has formed a bottom divergence on the 4-hour chart and has confirmed a golden cross. Be patient and wait for a rebound!