BTC perpetual daily chart, unless there is a strong breakthrough of the previous high and a stable hold afterward, it is expected to continue upward; if limited by the previous high and unable to break through for a long time, the market will choose to turn around and explore various potential support levels.

If the market ultimately chooses to continue downward, the previous low will be the first breakout anchor point; from an operational perspective, breaking below a new low, especially when the secondary accumulation is backing it, and approaching the Fibonacci line, can be an opportunity to target a secondary rebound.

Generally, as long as the 61.8% line is not effectively broken, it can be seen as a "normal" market correction; after the correction reaches its target, a "second wave" is still expected; a death cross of the MACD at the previous high indicates the market is entering a correction; typically, if it pulls back near the zero line and volume diminishes, it suggests a second wave for the bulls.