The rebound high for Bitcoin in the next day or two is below 75,000, which is under the 0.236 level of the Fibonacci ascending channel, marked by the yellow circle in the chart below. The medium-term downtrend has been established, and the 5th wave downtrend on the weekly chart is underway. Multiple bearish factors are resonating, making June destined to be a month of intense volatility for Bitcoin, and potentially a month of significant crashes. Stay tuned for the upcoming article: 'Four Bearish Factors Overlapping: Is This the Most Complex Bear Market in BTC History? Will This Time Be Different?'