BTC experienced a correction cycle of over 50 days in November last year, and since February 6th, the correction has lasted nearly 40 days. The next 1-2 weeks will be a critical window for a trend reversal.

Compared to historical trends, after multiple consolidations, a breakdown and continuation have often followed. The current structure corresponds to historical patterns, and the market is likely to move toward lower levels. The overall trend remains downward. If a false breakout occurs, it is highly likely to be followed by a genuine breakdown. The main players may seize the opportunity to hunt for long stop-losses. In terms of trading strategy, focus on shorting near resistance levels. If the support is effectively broken, follow the trend and short.
Currently, the market has not yet entered the final washout phase. The medium- to long-term accumulation stage is approaching a true bottom, which will only appear when the bulls are completely desperate and the market is unanimously bearish.