The entry point for subsequent BTC short positions: 1) Above the 0 axis: Bitcoin first oscillates and falls to the Fibonacci uptrend channel at this daily level, around the 0 axis of 71000, and then there will be a rebound, most likely between 73000-74000, which will be an entry point for short positions; 2) Above 60000: After Bitcoin falls below the 0 axis of the upward channel, which is around 71000, the price will accelerate its decline to above 60000. There will be a wave of rebound formed by the desperate resistance of bargain hunters and bulls, which is also an entry point for short positions. After the price completely drops below 60000, the bulls will collapse and be liquidated, and the price will continue to fall to the bottom, even experiencing a rapid plunge. The first time the waterfall plummeted to around 45000 yuan, it may not fall to the large cycle Fibonacci 0.618 position, which is around 42000 yuan. Due to the influx of bargain hunters, the price will rebound and maintain a volatile market for one or two months, with the rebound high point around 60000 yuan. The rebound market of 45000 to 62000 yuan is also a dead cat rebound, not a V-shaped reversal. It will continue to fall and explore the bottom for another two to three months, during which the price may drop below 40000 to 38000 yuan, forming a bearish trap and digging an epic gold pit. The deep bear has arrived, and the time will be relatively short. A new bull market will only form early next year. Only by enduring the cold winter can we welcome the blooming of the first ox in spring.