Bitcoin's current decline will not be smooth sailing; there will be repeated attempts to trap bulls and bears, as well as shake out weak hands. The current trend is following this script. The area around 72,000 is a key resistance zone. If it cannot break through effectively, a new round of decline will begin. If bearish liquidity concentrates above, the main players may push prices higher again to harvest liquidity before falling back. Market sentiment is most fragile; a short-term rebound of just a few thousand points can make people forget the risks of the previous sharp pullback.