The weekly chart of $BTC has been sideways for three weeks, and this is the fourth week. The position itself is very critical, and because of that, there's no need to call out levels every day. If the price can't break above this level continuously, the longer it stays, the more the risk of a deeper decline naturally emerges.

In terms of mid-term strategy, it's enough to treat it as a ranging market; there's no need to rush to pick a side. Currently, it's even less suitable to "bet on the direction." At such a large level, reversals are common. Wait for the market to choose a direction, then follow it for a smoother ride.
Looking at the 4-hour chart for short-term insights, it's quite straightforward: the price is slowly sliding down along the dual moving averages, touching multiple levels, mostly long shadows, indicating strong overhead resistance. If today’s move doesn't break the structure with a clear rally, the short-term likely remains to find support downward first, then rebound once support is established.