Bitfinex report: The current key trading range for BTC is between $60,000 and $74,000

Bitfinex Alpha report indicates: Bitcoin's performance in January reached the lowest level since 2022, and the market pattern has shifted from a distribution phase to a continuous downtrend. Currently, the $60,000 to $74,000 range is a key battleground for Bitcoin, where the market may consolidate, digest losses, and adjust positions before it can more clearly determine whether this range will become a rebound bottom or a brief pause before further declines.

Although short-term momentum remains bearish, the convergence of various capitulation signals suggests that Bitcoin is entering a stabilization phase.