BTC monthly chart forms a doji candlestick with a bullish body

However, the quarterly chart shows a bearish candlestick, clearly indicating that the larger timeframe remains weak
Currently, the overall monthly structure is bearish
But this doji bullish candlestick sends a signal
During the downward trend, it is not a complete free fall with no resistance
There is still some buying support from the bulls
From a cross-market perspective,
The S&P 500's current closing price is above the previous quarter's low
This kind of movement often indicates that the market has entered a phase of bottoming out, but
The possibility of further sharp declines still exists
And the space is gradually narrowing
Considering these two important dimensions together,
We still maintain our previous view
For BTC, as long as it cannot hold above the 70,000 level,
The overall strategy remains primarily bearish.