Based on this, update $BTC 5min short-term chart
We see that after the rapid drop, a wide downward channel has formed three pushes, and the third push has diverged from the second push.
Therefore, the price has made a correction.
However, this is still not optimistic; we urgently need to see the bulls bring the price back above the MBS level, over 103k.
Only by breaking the short-term downward structure can we hope to see the price recover.