Afternoon Analysis

The market is in a primary downtrend, a bearish arrangement, with prices effectively breaking below the lower Bollinger Band, and the channel continues to open. The bearish momentum is sufficient for continued decline.
The KDJ indicator is deeply in the oversold negative zone, only showing short-term correction needs. Oversold does not mean reversal, and the risk of bottom-fishing on the left side of a breakout is very high.

Follow the right-side trend-following approach for operations. When encountering resistance during rebounds, establish short positions. Enter around the pressure zone of 63,600-64,100, with the first target at 61,600-62,100. If it breaks downward effectively, look toward $BTC the 60,000 level.