After breaking below the previous upward channel, $BTC's overall trend leans bearish. The current move is just a short-term corrective rebound within the downtrend and cannot change the larger downward trajectory. The market is likely to consolidate and range before resuming its decline. **Short Position Logic:** If the price fails to break above the 64,600 resistance zone, existing high-level short positions can be held. If the price effectively breaks below the 62,200 support in the future, it will set a new low for this phase, which is the core target for short positions. **Long Position Conditions:** Only consider short-term long positions if the price breaks above 64,600 with strong volume and the MACD crosses above the zero line. **Strong Resistance Zone:** 66,000–67,000 (B-wave rebound high) **Core Support:** 62,200–61,000 (phase low)