2.5 BTC Price Downward Path Outlook

Currently, the key support level of 74000 on the weekly chart has been lost. Although the next weekly low indicated by the technical analysis points to 49000, this level is not expected to be breached all at once. The price will first retrace to the densely distributed chip area of 57000 to 67000, and it is very likely to form a short-term bottom within this range, which will trigger a decent rebound. This process of fluctuation and rebound is expected to last for several months, but investors need to understand that the deeper logic behind such rebounds is mainly to clean up floating short positions and implement a secondary inducement to achieve a re-unification of market costs.