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 65,000 (upside) and 63,997 (downside).
Chan Theory shows downward stroke strength from -2,447, -1,908, -2,012, -1,838, -3,588, -4,457 to -3,414, indicating that the bearish force is fully erupting, and the market has entered a supportless decline state, with all previous bottom structures completely broken.
Wave Theory suggests that after a five-wave decline + A-B-C corrective wave, the X-Y-Z three-wave chain plummeted by -11,459, confirming that the decline has entered a super bear third wave extension stage.
Volume-Price Relationship shows a volume surge on June 3rd (6.69B) + panic selling signals, but afternoon trading volume gradually shrank, with a volume squeeze and flash crash at the close.
Order Flow indicates the POC at 73,442, with the price breaking below POC into an extremely deep discount zone. Delta MA12 slightly rebounded from deep negative values but remains deep in the negative zone.
Price action shows a "Shooting Star" + "Bearish Engulfing" + "Volume Squeeze Flash Crash" triple pattern, indicating an extremely bearish short-term outlook.

Short-term strategy recommendations:

Bullish scenario: If the price shows sustained decreasing volume stop at around 63,997–64,000 + bottom pattern + Delta turns positive, consider very small long positions, target 65,000 → 66,000, stop loss at 63,500.

Bearish scenario: If a rebound to around 65,000–66,000 shows a top pattern with increasing volume and decline, confirming Z wave rebound failure + a new decline begins, consider short positions, target 63,000 → 62,000, stop loss at 66,500.

Current state: 64,298 is 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 to around 65,000 to confirm resistance before considering shorting, or wait for clear bottom structures (such as double bottom, head and shoulders bottom) before considering long positions.