Price has returned to a low level, but that doesn't mean a continued crash is imminent.

However, the funding rate is still negative, indicating that market sentiment remains relatively cold.
Everyone isn't particularly eager to chase short positions anymore, but it's far from the time to confidently go long.
The most torturous part of this market is not a sharp plunge,
but the repeated oscillations, gradually eroding confidence.
Those who are bearish don't dare to be too aggressive,
and those who are bullish seem a bit socially anxious, hesitant to speak loudly.
I currently lean towards a judgment:
this is not a clear reversal zone yet,
more like a tug-of-war within a weak trend.
To see a meaningful rebound, we still need to watch for the funding rate turning positive, trading volume increasing, and genuine market sentiment warming up.
For now, we can only say:
bears are not as arrogant as before,
and bulls haven't truly returned yet.