BTC breaks below the $60,000 level, with long-term shorts accumulating 13,000 BTC.

The price has bottomed near the $60,000 mark, finally pressing the pause button and bouncing back by 5,000 points.

Based on the current market structure, the four-hour chart shows two consecutive bullish candles at the bottom, indicating a potential for further gains. Currently, it may be considered to pull back to the $64,800-$64,500 zone for a bullish setup, with targets around $67,000-$69,500.