After the early upward channel of Bitcoin was broken, the overall trend is biased towards bearishness, currently only a short-term rebound during the downward correction, unable to change the downward major trend; the market is likely to consolidate with oscillations before declining again.

Short position holding logic: If the price cannot break through the 64,600 resistance zone, continue to hold the existing high-level short positions; once the price effectively breaks below the 62,200 support, it will refresh the new low of the phase, which is the core target for short positions.
Bullish participation conditions: Only when trading volume increases and stabilizes above 64,600, and MACD rises above the zero line, consider short-term trend-following long positions.
Strong resistance zone: 66,000~67,000 (B-wave rebound high point)
Core support: 62,200-61,000 (phase low point)