Based on the data for Bitcoin, the turnover rate is still quite good, remaining roughly the same as yesterday, and the selling data is also decreasing. The amount of Bitcoin held on exchanges is decreasing as well. Although buying power remains weak, it is clear that around $65,000, the amount of BTC transferred out of exchanges exceeds the amount transferred in.

Moreover, it is still evident that although market sentiment is extremely poor, early investors, whether in profit or loss, are not heavily involved in trading. Even investors with costs above $100,000 are not showing any signs of panic. This portion of Bitcoin has not seen significant movement for a long time.

This indicates that more investors are not very concerned about short-term prices, but short-term sellers can still push prices lower during periods of low liquidity.

A rebound to around 68,375-68,750-69,300 can be used to short, with targets around 65,200-64,300.