
Behold the daily chart, a veritable tapestry woven with the threads of stabilization, albeit within a descending structure that resembles a sad clown at a carnival. The price remains stubbornly below its previous zenith of $97,900, dancing between $68,000 and $70,000 like a timid performer afraid of the spotlight. Major support, like an old friend with questionable advice, lurks between $60,000 and $62,000, while the intricate web of resistance lies above, between $72,000 and $75,000. Fear not! For only a valiant daily close above $75,000 will send our bearish woes packing. Until that glorious day arrives, we remain in cautious territory – digesting our options rather than igniting any wild celebrations.