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 downward trend with signs of rapid acceleration, with a short-term waterfall decline, key levels at 68,000 (upside) and 66,347 (downside).
Chan Theory shows downward momentum intensifying from -2,447, -1,908, -2,012, -1,838, -3,588 sharply increasing to -4,219, indicating that the bearish force is fully erupting, and the market is entering a supportless decline, with all previous bottom structures completely broken.
Wave Theory suggests that after a five-wave decline + A-B-C corrective wave, the X-Y double wave plunges by -7,807, confirming that the decline has entered the third wave extension phase.
Volume-Price Relationship shows a massive sell-off on June 2nd with a volume of 13.53B + continued panic selling signals, but a "hammer line" appears near 66,347 + massive absorption (1.69B).
Order Flow indicates POC at 73,437, with the price breaking below POC into an extremely deep discount zone, Delta MA12 slightly rebounding from deep negative values but still remaining deep in the negative zone.
Price action shows a "bearish engulfing" + "hammer line" + "volume contraction pullback" triple pattern, indicating a highly bearish short-term outlook.

Short-term Strategy Recommendations:

Bullish Scenario: If the price shows sustained decreasing volume with a bottom pattern + Delta turning positive near 66,347–66,500, consider very small long positions, targeting 68,000 → 70,000, with a stop loss at 65,800.

Bearish Scenario: If a rebound to near 68,000–69,000 shows a top pattern with increasing volume and a decline, confirming Y-wave rebound failure + Z-wave decline initiation, consider short positions, targeting 65,000 → 64,000, with a stop loss at 69,500.

Current State: At 66,671, in a low-volatility zone after a plunge, extremely bearish in the short term, not recommended to bottom-fish on the left side. Wait for a rebound near 68,000 to confirm resistance before considering shorting, or wait for clear bottom structures (such as double bottoms or head-and-shoulders bottoms) before considering long positions.