#BTC☀
Based on the 4-hour cycle, the current BTC price is around 62600, and the support and resistance are in a state of mutual conversion in the short term. Judging from the trend, there is a possibility of a pullback to the 60200 area.
I think the support of 61800 is weak and it is difficult to play an effective supporting role. The price may have the risk of further decline.
The fluctuation of the 4-hour cycle provides important reference signals for investors, especially when the support and resistance conversion occurs in key areas, which usually indicates changes in market sentiment and capital flows. Therefore, the assessment of the support strength of 61800 should take into account multiple factors, such as trading volume, market expectations and macroeconomic environment.
If the support is insufficient, the price may continue to decline and look for a stronger support area.