#BTC is still trading below the major weekly moving averages (MA7, MA25, and MA99), which suggests that the long-term trend remains bearish.

Immediate support: $60,000-$62,000 • Major support: $57,000-$58,000 • Extreme panic zone: $50,000-$54,000

As long as BTC stays below the $75k resistance area, any upward move could simply be a relief rally rather than a full trend reversal.

In my opinion, the best accumulation zone lies between $57k and $62k. If market sentiment worsens, a final wick toward the low $50k area cannot be ruled out.

Patience and risk management are more important than trying to catch the exact bottom.

[This is not financial advice, DYOR]