《Three-Dimensional Trading System | BTC Evening Market Analysis (3/3): Structural Pattern and Core Judgment》 The weekly chart shows six consecutive weeks of decline, while the daily chart shows a gradual downward trend with fluctuations. The 73,000 level has been breached; will the next target be 71,100? The 73,500 support level has failed; the next target is 71,100 (large-cycle Fibonacci retracement 0.5). The 74,800-75,000 level is resistance for any rebound; if it fails to hold, the market will continue to grind. Further down, 68,000 is the 200-week moving average, a long-term deep value zone. International Situation: Oil prices are rising, but this cannot save BTC. Inflationary pressures remain. US Treasury yields have broken 5%, and the US dollar is strengthening. Gold has plummeted by nearly $130, and Bitcoin has followed suit. All assets sensitive to liquidity are suffering in the face of higher-than-expected CPI and high US Treasury yields. Key Assessment: CPI exceeded expectations across the board, essentially confirming a December rate hike. ETFs saw outflows for four consecutive days, with BlackRock experiencing seven consecutive days of selling. After breaching 73,500, the next target is 71,100, and then 68,000 is the truly worthwhile long-term entry point for heavy investment. It's advisable to wait patiently for the price to drop to 68K-70K before entering the market to buy a portion of your position.