Analyst: Bitcoin Needs to Stabilize After Sharp Drop, $62,000 Becomes Key Midpoint

Odaily: CryptoQuant crypto analyst Axel Adler posted that after Bitcoin's sharp decline, the market needs to stabilize first and attempt a rebound before brewing its next move. Currently, BTC's 12-hour RSI indicator remains in oversold territory. The expected short-term trading range is $57,000 to $67,000, with $62,000 being the key midpoint level.