Since last week, every short-term rebound in BTC has been an ineffective repair, lacking the fundamental logic to evolve into a larger-scale upward trend.

The overall structure of on-screen funds has not undergone any substantive changes. The market trend continues to follow a pattern of a brief rally followed by a rapid sell-off, essentially reflecting the repeated shaking and washing of positions. It is worth noting that current open interest (OI) continues to rise rapidly, with new long positions blindly bottom-fishing and taking over as prices decline.

A large amount of liquid liquidity chips are piled up in the 57300—57500 range. Once the market dips to this level, it will trigger large-scale position liquidations, and at that point, a technical rebound of 3%-5% is expected.
The dense resistance chip zone above is at the 61500—62000 line, but the price has yet to reach that level, and there is currently no trend-level significant market opportunity. At this stage, it is only suitable for capturing short-term profits of around a thousand points within the day.

The most prudent layout strategy is to patiently wait for the market to test the 57000 mark. After the price plunges with a spike, there will be a substantial oversold rebound. However, the probability that this rebound will reverse the overall bearish trend is low.
$BTC