BTC briefly fell below the yellow line at the 102k support and the upper edge of the oscillation channel, but it was not confirmed. The spot premium has decreased with the drop but remains in positive territory;

Question: After confirming the drop below the yellow line, will it fall to the middle track?

Answer: The normal path is like this, but if it oscillates along the yellow line for a long time without a confirmed drop, then the price may still move within an oscillation range;

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Question: So what is a 'confirmed drop'?

Answer: A 4-hour candlestick with both opening and closing prices below 102,000;

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Question: I understand the logic of the pullback, but is there a bullish scenario?

Answer: In the short term, no. The small-scale bullish structure at high levels has already been damaged. Even if the price rebounds, it will form an oscillation range here, that is, the high and low points on the left side, within the red line range in the picture;

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Question: What conditions are needed to restore the bullish trend?

Answer: The price must oscillate above the middle track for more than 4 days, allowing the orange average resistance level to move up again, thereby opening new upward space;

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Question: What are the conditions for entering a large range bearish trend?

Answer: The price must break below the middle track and continue to oscillate downwards for more than 4 to 5 days, technically breaking below the most recent demand zone.