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 that the main trend remains downward, but the short-term decline shows signs of pause; the short-term trend has shifted to sideways oscillation at lower levels, with key levels at 61,500 (up) and 59,095 (down).
Chan Theory shows that the second downward move's strength is significantly weakening (-2,494, much weaker than the first move -4,803), currently in the early stage of constructing an upward move after the downward move has ended.
Wave Theory suggests that the five-wave plunge has completed, and the current phase is the end of the ABC rebound wave B and the beginning of wave C; the failure of wave B to break the starting point of wave A is a positive signal.
Volume-Price Relationship shows a massive decline with high volume on June 5 + reduced volume consolidation on June 6, indicating that bulls and bears are resting.
Order Flow shows POC at 60,753; the price returning near POC suggests a balance between bulls and bears, with Delta MA12 rising from negative to the zero axis.
Price Action displays four patterns: "Bearish Engulfing" + "Hammer" + "Dragonfly Doji" + "Bullish Engulfing," indicating a short-term sign of stabilization.

Short-term Strategy Recommendations:

Bullish Scenario: If the price shows sustained decreasing volume and stabilization near 59,460–60,000 + bottom pattern + Delta turns positive, consider very small long positions aiming for 61,500 → 63,000, with a stop loss at 58,800.

Bearish Scenario: If the rebound reaches 61,500–62,000 with a top pattern accompanied by increasing volume and decline, confirming wave C's failed rebound + extension of decline, consider short positions targeting 59,000 → 57,000, with a stop loss at 62,500.

Current State: At 60,803, in a low-level consolidation zone after a plunge, showing signs of stabilization in the short term but not recommended to bottom fish on the left side. It is advised to wait for a confirmed breakout above 61,500 to verify a double bottom before considering long positions, or wait for a rebound near 61,500 to confirm resistance before considering short positions.