Bitcoin's standard downward channel (oscillating decline)

Currently oscillating within the channel with a rebound, not breaking above the upper boundary
No official acceleration in decline has begun; still in oscillating downward trend
Recently, another break below support followed by sideways movement
Structure is similar to the pre-major drop, indicating strong bearish sentiment
Short-term resistance (next high zone):
6.85–6.95 (near the upper boundary of the channel)
Current strategy: Watch and wait, not rushing to open positions
Rebound expectation: Price continues to rebound to the 6.85–6.95 range
Major trend: The bearish trend is not over; still bearish
Ideal movement: Rebound to test 69,000–70,000
Encounter resistance and fall back → Break below the downward channel → Accelerate decline
Downside targets:
Phase 1: Around 57,000
Long-term: Around 45,000