From the analysis of the long-term cycle structure, after an initial sharp decline, the market stabilized and stopped falling, no longer making new lows, with the low-range area showing slight sideways consolidation with small K-line fluctuations, indicating a bottoming process. The bearish momentum has been fully released, and the downward trend is gradually weakening. This is the fundamental logic for the subsequent rebound and upward movement.

In the short-term, the bottoming process is complete, and a step-by-step upward pattern has formed, with highs and lows moving in sync. The bullish positive lines continue more strongly, and the market is in a corrective rebound after a decline.
This pullback just tests the short-term moving average support; the support is effective, and it presents a second entry opportunity for long positions. #我的Gate交易时刻 $BTC $ETH