The subsequent trend of BTC can be seen from three charts:

1) Weekly trend: The breakout of the ascending trendline is already a confirmed fact, and the weekly downtrend has officially begun;

2) ETF capital flow: Institutional net inflows have shrunk by more than half, with net outflows for five consecutive days;

3) Rebound strength: The rebound is very weak, and a fluctuating downtrend is likely to become the main theme, with a target price around 93,800.

Summary: Although there will be a short-term dip, this is a good opportunity to enter and buy at the bottom, and there is hope for a continued rise, with a target of reaching a new high of around 138,000.