From the BTC liquidation chart, observe the large accumulation of chips below.


The structure indicates that the downtrend is most likely not over yet.
The current market looks more like a consolidation of the decline that has not yet triggered a reversal.
Currently, it has rebounded to around 77k.
Rebounds are essentially about clearing long positions above and hesitant funds.
Once this liquidity is absorbed, the trend is likely to continue downward.
The target is to break through the larger liquidation zone below.
Overall, the rhythm is to first rebound and then sharply decline,
rather than a direct V-shaped reversal.
BTC2.73%
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