# Look at the chart! Currently on the 4-hour timeframe, it's just retesting near the most critical uptrend line (blue line in the chart) from this rally that started at 62k.

If it holds here, it's the starting gun for offchain capital to re-enter the market. After shaking out weak hands, we'll continue pushing higher. Otherwise, once it breaks down on volume, the offchain capital will patiently wait for the broader market to go toward 66k or even 63k to hunt for liquidity before making a move.

Remember, the monthly chart already has 5 consecutive red candles—we've declined enough. The 60k support is also very strong, so we need a bounce here. When it drops, once the indicators stabilize, that's a great opportunity to buy the dip!