Why did I suggest reducing long positions when BTC hit 66,956? Because this level is close to the blue Gann angle line 2/1, and it's tough to break through such a significant resistance level in one go. Why have I been emphasizing that the drop from 66,956 (red box) is a pullback and not a downtrend? Here's why: 1. The rebound from 57,800 to 66,956, as a response to the entire drop from 82,850 to 57,800, doesn't match in terms of duration or magnitude, and the volume doesn't align either. 2. The Gann high point corresponding to 7.1 hasn't arrived yet. 3. The drop from 66,956 isn't fast enough; it's clearly forming a corrective pattern. The longer BTC consolidates here, the higher the probability of breaking 70k in the future. As long as we don't see three consecutive daily K-line bodies breaking below the green Gann angle line 3/1, we won't assume the rebound starting from 7.1 has ended. Why not 1, 2, or 4 daily K-lines but specifically three? Any friends out there who understand, care to explain?