Currently, the upward momentum of BTC has gradually exhausted itself.

Continuing to chase long positions at high levels increases the risk.
This slow upward trend does not have large-scale capital entry to drive it and lacks solid support.
If the main force wants to push up at low cost,
they often first create a deep decline,
breaking below key lows to liquidate retail long positions.
Therefore, a mid-term sharp decline is highly probable.
The first target for the decline is around 70,000,
which is the starting point of this round of rally,
and also a key support level for the short-term correction.
Once reached, a phase rebound may occur.
The second target is the previous low of 60,000.
According to cyclical patterns, this level is likely to be broken downward,
which will complete a large-scale liquidation of long positions,
forming a “golden pit” that sets the stage for subsequent market movements.