Bitcoin seems to be on the verge of failure, can it withstand further? Will it drop to 70,000? Hurry to watch this.$BTC

1$BTC As shown in the picture, two days ago we drew the logic of Bitcoin's movement, where the peak was in the 78,000/79,000 area, and it is very likely that the final retracement level will reach the lower edge of the channel around 69,000/70,000. So what should we do now?
2. The best correct way is to sell at the 78,000 peak, and we discussed this two weeks ago. But if you haven't entered the market before, you can also sell at the highs, as every significant rebound is a good opportunity to enter. Bitcoin will face support before reaching 70,000, one at 75,000 and another at 73,500.
3. It's very easy for a good rebound to appear at these two levels; if it rebounds at 75,000, we can reach near 76,500 to gradually open sell positions. I personally hope it can hold at 75,000, and a rebound occurs so we can reinforce some sell positions. Because I mentioned yesterday that I took some profits at this level, and I hope a good rebound happens to re-enter, of course if no rebound occurs, I will be able to accept that, and I will earn more when it drops.
4. In addition to selling at the highs, daring investors can also try opening a short buy position at the support level, 75,000 can be tested with difficulty, with a small volume, and setting a stop-loss. Of course, the safest position is definitely near 73,500, which can depend on personal risk preference.
5. Overall, the market aligns with our expectations, and trading should be easy. You can open a sell at 78,000, then at support levels 75,000, 73,500, and 70,000, profits can be gradually realized. If a significant rebound occurs at the support level, you can return to sell again, and if no rebound occurs, that's okay; profits can be made from other sell positions, step by step, with a clear logic. Do not trade based on feelings; you should think about profit-taking and stop-loss strategies before opening a position. Let's work together~