Bitcoin's recent price action highlights the importance of understanding key technical levels. The $60,000 support zone has become a critical psychological and technical battleground. Breaking below it triggered significant liquidations, but the subsequent bounce off the 200-day moving average suggests strong institutional accumulation at lower levels. My analysis focuses on on-chain metrics like the SOPR (Spent Output Profit Ratio) and exchange net flows. When SOPR dips below 1 alongside sustained negative exchange flows (indicating coins moving *off* exchanges into cold storage), it often signals accumulation phases – a potential bullish divergence against short-term price weakness. Monitoring the BTC dominance ratio is also crucial; a rising dominance often precedes broader market rallies as capital rotates back into the king coin. Current volatility demands disciplined risk management. Scaling into positions near established support, using strict stop-losses below key levels like $58k, and taking partial profits near resistance at $63.5k and $65.5k aligns with the current choppy market structure. Patience and adherence to the plan are paramount.$BTC