BTC upward channel and wedge pattern have both been broken, indicating the end of the overall correction and the start of a downward phase. This correction cycle is nearing its end, and we need to be wary of a potential rebound testing the downtrend line before further decline. As long as the downtrend line is not broken, the outlook remains bearish. The major retracement level is $45,000. If it falls below $60,000, the next target is $57,200. We await a signal (wait and see). 1. Long conditions (with caution) First, the price breaks below the previous low, then quickly recovers, forming a large bullish green candle on the 1-hour chart with high volume, and does not fall back. Target: the upper resistance zone. 2. Short conditions (caution) First, a false breakout to the upside → then a pullback. Enter the market only after confirming the breakout failure.