Previously, two operational paths for BTC were distinguished: the red path—another high point above 76,000; the blue path—a rebound from 65,000 that does not break 76,000. The common point between the two is that after the rebound starting from 60k ends, the downward trend will continue. So the question is, has the rebound from 60k ended?

This week's market movement has once again added suspense. If today BTC breaks through the angle at the intersection of the two Gann angles (marked in red) and tomorrow morning's daily and weekly candles both close above this intersection, then there is a high probability that it will reach a new high above 76,000. Otherwise, if it follows the blue line, the rebound from 65,000 is just a bounce and could end at any time.

In terms of trading, the trend has been discussed many times and will not be repeated here. Let's talk about the short-term market that everyone is more concerned about. Recently, I am considering a short-term move: if it breaks through the angle line and then pulls back without breaking below, go long; if it faces resistance and closes with an upper shadow, go short. The stop-loss is set at the lowest point of the hourly candle. That's the plan for now.