As of early morning trading, Bitcoin continues to deeply retrace from high levels, with persistent downward decline and bottom exploration. The Bollinger Bands are opening downward and diverging, and the candlestick remains below the middle band throughout, with rebounds facing increasing resistance and lows continuously broken. Short-term bearish sentiment is fully intensified, and market panic is spreading thoroughly.

But the more extreme the unilateral decline and the more everyone is collectively looking to cut losses, the more we need to stay clear-headed:
This has never been the end of a bullish trend, but rather a deliberate manipulation by the main players to create a high-level shakeout and aggressive accumulation after a rally. Currently, indicators are deeply oversold across the board, and the bearish momentum is nearing exhaustion. Continuing to blindly chase short positions is extremely risky and could trigger a bottom reversal and violent rebound at any time.