BTC is approaching the 4-hour ASR channel oversold level at 64k... Since the decline from 73k, the spot premium has not fallen, so a rebound is expected soon in the short term. After all, so many short positions have entered the futures market, and the decline will not be smooth if they are not cleared out. In the short term, we expect a rebound to 73k+, but long. This level of trend will not stop without a month of consolidation. Therefore, even if there is a rebound, it will be a move to stop the decline and define a consolidation range.

We're $1000 away from the oversold threshold.