The background of the Bitcoin market is a large range oscillation after extreme rises and falls, with buyer liquidity and rapid gap resistance breakthrough failures. A small-scale rapid channel and double top reversal downward are present. Currently, the high point pressure may form a downward oscillation channel, or a converging triangle needs to be observed. For long trades, wait at the bottom of the range to enter, and do not participate in the middle. The best opportunity for a long entry: the third panic sell-off in the oscillation range.