Update on Btc analysis: The short-term price has tested the support line again, which aligns with my expectations, as the support strength at 69,000 is still quite strong. After the price dipped below 69,000, it recovered, further indicating the strength of the support here. Therefore, at this position, I still anticipate a rebound; if it’s strong, it may touch around 73,000; if weak, it should at least reach 72,000 once. This rebound is likely to have at least a three thousand point increase.

Currently, a bullish wedge pattern is forming on a smaller timeframe. Of course, this surge is merely a rebound; after a brief pullback to induce buying, the probability of continuing to drop is a bit higher. However, the first leg of the decline has temporarily stopped. If you want to take advantage of this rebound, you can wait for a smaller timeframe to test the bottom again, with entry around 69,500-69,000 for a long position. The target can be seen in the 72,000-73,000 range, and then close the long and go short. If it goes up directly, just wait to enter a short position, depending on how the pattern evolves to make further plans.