$BTC ### **Conclusion and Action Strategy**

- **Core Logic**:

**Long-term trend is bearish** (EMA(99) resistance), **short-term rebound demand exists** (KDJ oversold + OBV recovery), but caution is needed for the continuation of wave C.

- **Scenario One (High Probability)**:

- Currently a sub-wave rebound in wave C (C-2), rebound target reference EMA(25)=85,936 USDT.

- If the rebound fails, the decline of wave C-3 will start, target support at 64,879 USDT (EMA(99)).

- **Scenario Two (Low Probability)**:

- If the price breaks through EMA(25) with volume and holds, it may initiate a new round of upward wave (wave 3), targeting 95,000 USDT.

**Action Suggestions**:

1. **Short-term**:

- Aggressive traders can short lightly in the range of 85,000-85,936 USDT, with a stop loss above EMA(25) (86,000 USDT), target 64,900 USDT.

- If the price breaks 86,000 USDT and holds, switch to long, targeting 90,000 USDT.

2. **Long-term**:

- Wait for the price to test near EMA(99)=64,879 USDT, confirm support before positioning long.