From a mid-term perspective, the Bitcoin daily chart shows obvious bear flag characteristics, which usually indicate a correction signal during a downtrend. If the subsequent movement can quickly drop to the price range of 74,000 to 75,000, it will be a quite good opportunity for spot investors to build positions.

In the short term, the situation is somewhat different. Bitcoin is currently stabilizing near a key support level, and the probability of a trend reversal is quite high. Even if it continues to decline, it is likely just a common market pin bar behavior. Based on the trend rhythm, it is highly probable that a rebound will occur within the next 24 to 48 hours. As for how high it can rebound, it is still uncertain and depends on subsequent market sentiment and liquidity.