BTC has fallen to around 65,000, with a 10,000-point decline expected. It has now nearly reached 90,000 points, and further declines are likely. BTC started dropping from a false breakout at 74,000, and has already fallen to my first target of 65,000-66,000. The decline is nearly 9,000 points, which is exactly in line with my expectations. So, how will the market move next? Since we confirmed that 74,000 was a false breakout, and 74,000 is the short-term top, it will be very difficult to break through 74,000 later on. Therefore, the upcoming market is most likely to oscillate within a range and move downward. Currently, BTC has reached a critical support level at 65,000-66,000. If this support holds, a rebound is expected. If it can rebound to the 68,000-70,000 range, I think it’s a good opportunity to open short positions, as the overall trend remains downward. The final target is very likely to fall below 62,500. Of course, this level won’t be reached so quickly. I believe there will be several rebounds before reaching 62,500, creating a strong support illusion that makes retail investors feel it can’t fall further. Then, a large bearish candle will wipe out all the bulls around 62,500, similar to the recent breakout at 74,000. First, a false bearish trap will be set at 70,000, making retail investors think that 70,000 is a major resistance. Then, a big bullish candle will take out all the short positions and stop-losses at 70,000 and 72,000. Therefore, I believe that 62,500 is very likely to follow a similar logic as 74,000—a bull trap designed to trap and then wipe out everyone. Please pay close attention.