Bitcoin might continue dropping without rebounding back to around $72K. When the Bitcoin price breaks below the lower boundary of this ascending channel, it could bounce back to retest and confirm the breakdown of the channel's lower boundary. At that point, it’s a good opportunity to short. When the price drops to the previous low of $60K, there will likely be some dip buyers stepping in, causing a weak rebound. This rebound can also be a good chance to short or add to your short positions on BTC, with the target price likely heading towards $40K-$45K.