Recently, BTC has been repeatedly hit by sell-offs amid market pressure. Yesterday was no exception either—based on the idea previously shared, the short around 74K was pursued, and the price kept falling all the way to the ideal target level.

At present, it appears to have already broken through several key support levels and fallen below the 71K round-number mark. It is currently moving within a downward channel, and both the highs and lows are trending lower. In the short term, any rebound that fails to break above 71800 can be taken as a short opportunity. Keep an eye on the 70K level—this area will very likely continue to be tested. If it breaks downward effectively, there may be further downside as price probes lower. Conversely, if it can stage a rebound with increased volume and reclaim this level, an oversold correction may follow.