BTC chose to rebound here, which is a normal phenomenon. After all, the indicator needs to be repaired after a big drop.

From the figure, we can see that the rebound started when it fell to around 52,700. This is why I set the target to stop profit at 52,800. This is also the lower track of the downward channel, and the RSI indicator is also in the oversold range, so the rebound here is normal. Generally, it rebounds to around 0.382 line, about 55,600. It depends on the strength of the rebound. If it is higher than this position, the rebound is stronger. Otherwise, there is still room for decline. If it is a bullish shark pattern, the low point may reach 48,000 or 46,000.