Looking at BTC from the liquidation chart, there are still many chips below, indicating that this decline is not over yet. Currently, on a small scale, there is a rebound demand, which is estimated to reach around 76,600. There is a batch of chips that will be liquidated again after being cleared here, so the small-scale rebound is weaker, around 76,600, and a stronger rebound could reach around 77,000. After that, it will continue to decline. Regarding the follow-up, attention should be paid to the support at 73,500. If it holds, there may be some consolidation and a potential head and shoulders pattern with a right shoulder during the rebound. If it cannot hold, the decline will accelerate again to 70,500. Even if there is a rebound to form a right shoulder, the overall trend remains downward. If the right shoulder forms, the decline will continue around 70,500, with one scenario being a direct drop and the other a rebound followed by further decline. The specific evolution of the pattern needs to be observed!