Key events to watch: Trump-related policies, oil price fluctuations, next week's Fed moves, and the crypto bill landing on September 15. Multiple factors will continue to disrupt the market. $BTC is currently in a large consolidation range. On Friday, it briefly broke below the previous low, quickly rebounded, and then fell back again—high volatility driven by various economic data. The chart shows a descending channel, with highs gradually lowering and lows continuously moving down. The price is repeatedly testing near the upper edge of the channel but lacks strength for a valid breakout. This week closed with a bearish candle, posing a risk of bearish engulfing. Resistance above: 79,500, a dense chip zone with heavy selling pressure from trapped positions. This correction is likely to extend until after October 6 before starting a new upward trend. Spot CVD is declining, and spot trading volume is shrinking; contract funding rates remain positive, indicating that long positions are still dominant. The current rebound is likely a false one. The only condition worth attempting for a long position: breaking below the key low of 76,000 and then quickly recovering (a stop-loss sweep). After triggering long stop-losses and recovering, this would present an opportunity for bulls. If it breaks below the 76,000 low and the candlestick closes consistently below this level: it signals bearish momentum, with a large number of low-level long positions triggering stop-losses, accelerating the downward trend. Simply breaking above the previous high doesn’t offer an ideal risk-reward ratio, so chasing longs is not recommended. The market may be an A-wave rebound followed by another drop. Future observation: if the weekly candle confirms bearish engulfing, the mid-term target will be 71,000.