Standard downward channel for BTC (oscillating downward) Currently oscillating and rebounding within the channel, but hasn’t broken the upper boundary. No accelerated drop yet, still in an oscillating downward trend. Currently showing another consolidation after a breakdown. The structure is similar to the one before the previous major drop—strong bearish outlook. Short-term resistance (next short-selling zone): 6.85–6.95 (near the upper boundary of the channel) Current strategy: Observe and wait, no rush to open positions. Rebound expectation: Price continues to rebound to the 6.85–6.95 range. Overall trend: Bearish trend not over, still looking bearish. Ideal movement: Rebound to test 69000–70000, face resistance and fall → break the downward channel → accelerate the drop. Downside targets: Phase 1: Around 57000 Long-term: 45000 range