From Dow Theory, Chan Theory, Wave Theory, Volume-Price Relationship, Order Flow, and Price Action Analysis of BTC Short-term Trends (Strategy Recommendations)

$BTC ‌
Comprehensive Judgment
Dow Theory indicates a primary trend of decline with accelerating signals, with the short-term trend being steep decline, key levels at 75,658 (upper) and 74,114 (lower).
Chan Theory shows a very strong downward stroke (-1,802) far exceeding the upward stroke (+364), currently in the early stage of a slight rebound after a downward stroke extension, with no signs of termination yet.
Wave Theory suggests that after a wave 3 crash, wave 4 rebound is very weak, currently entering the initial stage of wave 5 decline, target 72,000–73,000.
Volume-Price Relationship shows massive volume during the crash phase combined with panic selling signals.
Order Flow indicates POC at 75,288, with the price breaking below POC into a deep discount zone, Delta MA12 showing a deep negative value.
Price Action shows a "Shooting Star" + "Bearish Engulfing" + "Hammer" triple pattern, indicating extreme short-term bearishness.
Short-term Strategy Recommendations:

Bullish Scenario: If the price shows continuous decreasing volume to halt decline near 74,000–74,114 + bottom pattern + Delta turns positive, consider very small long positions, target 75,000 → 75,500, stop loss at 73,800.

Bearish Scenario: If a rebound reaches near 75,000–75,500 with a top pattern accompanied by increasing volume and decline, confirming the failure of wave 4 rebound + wave 5 decline initiation, consider short positions, target 73,000 → 72,000, stop loss at 75,800.

Current State: 74,322 is in a low-volatility zone after a crash, extremely bearish in the short term, not recommended to bottom-fish on the left side. It is advised to wait for a rebound near 75,000 to confirm resistance before considering shorting, or wait for clear bottom structures (such as double bottom, head and shoulders bottom) before considering long positions.