Looking at the 4-hour chart of BTC, the major upward channel has already effectively retreated to the midline. On the hourly chart, it has also been consistently below the resistance level.

The key point here is—if the bulls cannot break through and stabilize above this resistance, the bears will continue to push down. From an operational perspective, consider shorting opportunities below the resistance zone.

The short-term target is to focus on the vicinity of the lower boundary and see if a clear breakout is possible. The rhythm during this period will be quite critical.