Analyst: After the sharp drop in Bitcoin, stability is still needed, with $62,000 becoming a key intermediate level

Odaily Planet Daily News: CryptoQuant analyst Axel Adler stated in a post that after Bitcoin's significant drop, the market needs to stabilize and attempt a rebound before酝酿ing its next move. Currently, BTC's 12-hour RSI indicator remains in the oversold zone. The expected short-term trading range is between $57,000 and $67,000, with $62,000 being the key intermediate level.