Based on 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 signs of rapid acceleration, with the short-term trend falling in a free-fall manner, key levels at 72,000 (upside) and 70,566 (downside).
Chan Theory shows downward momentum intensifying sharply from -2,447, -1,908, -2,012, -1,838 to -3,588, indicating that the bearish force is erupting, and the structure of consecutive bottom formations being raised has been completely broken.
Wave Theory suggests that after a five-wave decline + A-B-C corrective wave completion, the X wave plunges -3,588 to create a new stage low, confirming the start of a new downward impulsive wave.
Volume-Price Relationship shows a massive sell-off on June 1st with a trading volume of 29.68B + a panic-driven surge of selling pressure.
Order Flow indicates the POC is at 73,354; as the price breaks below POC into a deep discount zone, Delta MA12 recovers from deep negative values toward the zero axis.
Price action shows a "Shooting Star" + "Bearish Engulfing" + "Hammer" pattern, indicating extreme short-term bearish sentiment.

Short-term Strategy Recommendations:

Bullish Scenario: If the price shows continuous decreasing volume to halt decline near 70,566–70,600 + bottom formation + Delta turns positive, consider very small long positions, targeting 72,000 → 73,000, with a stop loss at 69,800.

Bearish Scenario: If a rebound reaches near 72,000–72,500 with a top formation accompanied by increased volume and decline, confirming the failure of the X wave rebound + the start of a new decline, consider short positions, targeting 70,000 → 68,000, with a stop loss at 73,000.

Current State: At 71,212, in a low-volatility zone after a sharp plunge, extremely bearish in the short term, not recommended to bottom-fish on the left side. It is advised to wait for a rebound near 72,000 to confirm resistance before considering short positions, or wait for clear bottom structures (such as double bottom or head and shoulders bottom) before considering long positions.