BTC currently is in a clear downtrend channel, and the current market conditions are highly similar to previous price movements,

both belonging to downtrend continuation patterns. The price is currently located in the middle area of this oscillation range, with direction facing a choice.

1. Upward breakthrough (possibility of bull trap): If the price rebounds upward, the primary target may be to test and take out the liquidity above 76000

(i.e., stop-loss orders), then reverse downward again, continuing the trend within the downtrend channel.

2. Direct downward: If no effective rebound can be formed, and the price falls directly from the current position, it may effectively break through

the current continuation range, thereby opening new downside space.

Against the backdrop of a bear market, any counter-trend long operations should maintain light positions, and stop losses must be strictly set.