Analysts: Current volatility may present a cyclical entry opportunity; $63,000 is a key watershed between bullish and bearish sentiment.

Crypto analyst Ali Martinez published a lengthy analysis on the X platform, arguing that instead of debating whether Bitcoin has bottomed out, it's more important to focus on whether the current volatility presents a "generational entry opportunity." Based on indicators such as long-term trend lines, on-chain liquidity, and cost distribution, he defined the core "value range" of this cycle. Regarding support, the UTXO realized price distribution (URPD) shows a large concentration of tokens in the range of approximately $63,111 to $70,685, forming the current main support zone; a break below $63,111 could lead to a liquidity vacuum. From a long-term perspective, Bitcoin is approaching a key upward trend line from the past decade (approximately $56,000–$60,000), a level historically often corresponding to the accumulation phase before major upward moves. In more extreme scenarios, the CVDD indicator corresponds to approximately $47,960, considered a structural bottom area; the MVRV 0.8 range of approximately $43,647 represents a "painful" phase, typically accompanied by exhaustion of selling pressure. In the event of a black swan event, prices may briefly dip to the extreme range of approximately $36,657. Based on this range, Ali employs a phased accumulation strategy (DCA), gradually adding to positions at different support levels to reduce the overall cost basis, believing the market is currently in a phase of low sentiment but with potential opportunities gradually emerging.