Bitcoin is currently in an extreme bearish phase. The daily DeMark sequence shows a 9-count reversal into a large bearish candle + all moving averages and channels on the 4-hour timeframe are completely broken + hawkish Fed headwinds (dot plot shows only 1 rate cut + JPM predicts 0 rate cuts/rate hikes in 2027), accumulating triple structural destruction with extremely strong downtrend continuation. Aleng makes a clear judgment that Bitcoin could potentially drop directly toward the 50,000 level. On the operational level, current options are extremely limited — shorting must wait for price to retrace to the 15-minute Victoria Harbor tunnel line before entry, and continue waiting if no rebound occurs; rebound long positions staged in three tiers (67,800 / 65,700 / 63,250) attempting on the left side, all high-risk operations with strict stop-loss of a few hundred points and quick profit-taking; strictly prohibited from frequent bottom-fishing during the downtrend, large-level 57,700～56,600 golden pit continues with dollar-cost averaging (note risk boundaries under the extreme 50,000 scenario).