Bitcoin is currently in a rapid decline phase. In this market condition, many traders feel unsure where to start. The method isn't complicated—it's about capturing the main trend and ignoring small fluctuations.

From the current trend, the decline has not yet ended. Last night's drop was accompanied by increased trading volume, and there are no clear signs of a bottom yet. A subsequent rebound will depend on whether it can stabilize above 69,000. If the rebound remains weak, the price may continue to test lower levels, as this current move lacks effective support. The next long-term target could be around 50,000.

Although many people mention that this level is suitable for bottom fishing, for safety, it is not recommended to enter blindly before clear bottoming signals appear.