Prediction in advance: deduction of the 5th wave of Bitcoin's downward path: first a bearish drop, then a sharp drop Ladies and gentlemen, let's first review the decline process of the third wave: The third wave of decline: The first yellow box is the "Yin Drop Accumulation Zone", with a decrease in volume and a frog boiled in warm water; The second yellow box is the "accelerated breakthrough zone", with a sharp drop in volume and panic clearing. The third wave is not a one-step solution, it is a bearish decline that first consumes the patience of bulls, and then breaks through to accelerate the harvest of bulls. The fifth wave is highly likely to replicate the same pattern, with two downward paths: Path 1: Recreating the third wave - a bearish trend accumulating momentum and accelerating to break through, with a probability of about 70%. In the first stage, the bearish trend is accumulating momentum. From mid May to early June, the price fluctuated repeatedly between 75000 and 80000, with a slight bearish decline in the daily chart and a continuous decline in trading volume. The main purpose is to consume patience and lure bargain hunting funds into the market. In the second stage, accelerating the break through, in mid to late June: breaking below the key support of 74000-75000 and accelerating the decline in volume. The Bank of Japan's interest rate hike in June may become the trigger. Quickly explore the target range of 65000-68000. Path 2: Directly break the level without a bearish transition, with a probability of about 30%. After the confirmation of the top of the fourth wave, the volume directly fell below the support of 78000-79000, without obvious bearish momentum, and entered an accelerated decline. The triggering condition is a concentrated outbreak of macro bearish sentiment, with CPI exceeding expectations, Japan raising interest rates, and a sharp decline in the US stock market. Target for the 5th wave of decline: First objective: 74000-75000 Second objective: 7000-71500 Third objective: 65000-68000 Ultimate goal: 45000 to 50000 Final summary: The fifth wave will only be late and not absent. During the bearish phase, there will still be bulls buying at the bottom, which is precisely the target of the main force's harvest. Batch layout, no heavy warehousing, no carrying orders.