Bitcoin may form a descending flag here. The current upward trend line is the lower edge of the flag, and the theoretical target after a breakdown is around $45,000.

In terms of shape, Bitcoin may form a descending flag. The current upward trend line is the lower edge of the flag, and the theoretical target after breaking below is approximately 45000 USD. (Note: 126199 dropped to 80600, the length of the flagpole is 45599, and the theoretical decline after breaking the lower edge of the flag is the length of this flagpole)

If we refer to the descending flag, then the method of operation is relatively clear.
Point one: The area near the upper edge of the flag is the position for shorting, with a stop loss on the outside of the upper edge of the flag.
Point two: When the market breaks below the lower edge of the flag, a short position can be pursued, with a stop loss at the upper edge of the flag.