Bitcoin's daily and weekly charts are simultaneously constructing a bearish flag pattern, descending channel, and double top structure. Multiple bearish technical formations are resonating, and the trend signal is already extremely clear.

The 74,000-76,000 range serves as a strong resistance zone. Multiple counter-attacks have failed to break through effectively, bullish momentum continues to deteriorate, and short-term moving averages have all turned downward forming a bearish alignment that continuously suppresses price. Each rebound appears more like a bull trap.

Key support levels have been broken through consecutively, while trading volume presents a typical escape characteristic of rebounds with decreasing volume and declines with increasing volume. Capital outflow sentiment is decisive. According to technical pattern measurement targets, once support at the 63,000 key level is effectively broken, downside space will open further. At that point, we could see 57,000 or even lower levels.

Once a trend forms, it possesses extremely strong continuation characteristics. Blindly buying the dip at this stage is easily caught in counter-trend declines. Currently, shorting in line with the trend is the more rational choice.

Trading suggestions: Short near 69,400-70,000, target 66,000-65,200 on the downside, break of 64,000, 63,000
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