The Btc price continues to consolidate narrowly, with low trading volume, belonging to the brewing stage of a major trend, and it is temporarily difficult to break out of the extreme unilateral market trend; Large scale trend markets usually require high volume and extreme panic/frenzy in the market before they can be activated. The weekly MACD forms a bullish divergence structure, following the historical trend pattern: after a divergence occurs, there is a possibility that the market will first decline and then rise again. Wave view: We do not agree with the view that the current three waves of decline, ABC, have ended and are about to rise sharply. There is still a chance for the market to emerge from a complete five wave decline; Short term rebound is only a fluctuation within the oscillation, and cannot directly determine the formation of the bottom. Waiting for the expected downward exploration phase; The true bottom is likely to occur after a round of volume panic and decline. Key area: The area around 67000 above is an important pressure zone that requires high vigilance. Before the ultimate decline, there are often false breakout situations - prices rise above recent highs, triggering FOMO chasing sentiment in the market, and then fall sharply again. Risk warning: If the price rises to the 67000 area and falls below the breakthrough point, there is a short-term short selling opportunity at this position. Short term level of one hour, with a false breakthrough at a high point followed by a downward trend. Recently, selling has gradually consumed, and a small amount of buying has driven the price to rebound. In the long term, the positive rate is maintained, and a large number of long positions continue to be held. There is a lack of direct surge conditions in the short term Ideal conditions for long positions: effectively falling below the parallel low below 61500, killing liquidation bulls in the market, turning negative capital rates, and quickly recovering after falling below the clearing bulls Short position observation position: waiting for the price to rise, testing 67000 pressure areas, and reassessing opportunities