From a channel analysis perspective, Bitcoin has been oscillating and declining along the downward channel after turning bearish. Previously, Bitcoin completed a second bottom after probing the lower boundary of the channel, and it is very likely to complete a third bottom after another probe of the channel's lower boundary.

It should be noted that during the first bottom, panic selling caused a brief break below the channel's lower boundary; during the second bottom, selling pressure was nearly exhausted, and the decline volume was small, so it did not break the channel's lower boundary; the volume during the third bottom was also relatively small, so it is highly unlikely to break or slightly break below the channel's lower boundary.

If a third bottom is completed next week, the channel's lower boundary will be in the range of 60,000 ± 1,000.

From a Liquidity Hunt perspective, there is a large amount of liquidity in the 62,000-62,500 range, so the third bottom is very likely to break below this range; additionally, there is also a large amount of liquidity in the 54,000-55,000 range, but it's a bit far away, so whether it will be targeted during the third bottom is uncertain.

Overall, the probability that my third bottom target is in the 57,000-62,000 range is relatively high, and this range also aligns well with the position of the channel's lower boundary; in extreme cases, it could reach 54,000. $BTC $ETH