Bitcoin's long-term target of 550 remains unchanged, and we may see it this week! The current 4-hour chart initially showed a wave-by-wave decline, continuously hitting lower lows, forming a medium-term bearish channel; after the recent drop to 62,638, a V-shaped reversal with a large bullish candle appeared, which is a corrective rebound after the decline, not reversing the overall 4-hour downtrend, only a oversold rebound.