Bitfinex Report: Key BTC Battle Zone Currently Falls Between $60,000-$74,000

According to the Bitfinex Alpha report, Bitcoin's performance in January hit its lowest level since 2022, with the market structure shifting from a distribution phase to a sustained downtrend. Currently, the $60,000 to $74,000 range is a critical battle zone for Bitcoin. The market may consolidate within this range, digesting losses and adjusting positions before a clearer determination can be made on whether this zone will form a bottom for a rebound or serve as a brief pause before further declines. Although short-term momentum remains bearish, the convergence of various capitulation signals suggests Bitcoin is entering a stabilization phase.