From the trend perspective, I still believe there is a high probability that the market will experience another downward bottoming process.

The reason is simple: most bottoms in a bear market are not formed by a single large bearish candle followed by a V-shaped reversal.
Unless an extreme black swan event like a 30%-50% crash occurs, releasing panic all at once (similar to 312 and 519),
the market usually goes through a period of oscillation, shakeouts, and accumulation.
On the technical side, the weekly MACD has already reached a critical level.
If a death cross forms at a low point later, the market is likely to enter a bottoming phase.
However, since the previous decline was already significant, the subsequent downward movement is more likely to be a slow decline and oscillation, rather than a continuous crash.
In summary, I believe the market probably has not truly bottomed yet, and there is still a possibility of new lows,
but the decline will be more inclined toward oscillation and gradual decline rather than a continuous plunge.
Once the 60k level is broken, the next target to watch is around 57,500.
The truly promising opportunities may come after completing the final round of bottoming and chip exchange.
That stage will be closer to a time when spot positions can be actively deployed.
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