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Yesterday, Bitcoin still behaved as I expected, with the key level at 74K for the reminder of the trend being broken, which would lead to further decline. Bitcoin also declined as expected after breaking below, continuing to fall to around 72.5K before rebounding.
Currently, Bitcoin shows a weak recovery pattern after breaking down, with the price losing the key support level. Although there is a short-term oversold rebound dominated by a bearish trend, the trend has not reversed. In the short term, it remains mainly bearish with occasional short-term long positions. Watch the area between 72.5k and 72,000; if this zone is broken, further decline may occur.