The market has recently continued to exhibit a downtrend structure characterized by liquidity release, especially with the significant increase in the retracement of the second currency, which is gradually approaching the bottom region on a daily chart. Bitcoin, due to a prolonged period of high horizontal trading, is overall lagging behind in rhythm and is expected to require another 1-2 days to complete its final adjustments and releases.

From the current structure, this round of market "forcing longs" has essentially entered the final stage, with short-term bearish sentiment being adequately released. In terms of operation, we can start looking for opportunities to gradually establish a long position; if there is again an accelerated decline or a spike in volume pulling back, it would be a more suitable area to observe for buying low in a swing long position.

Yesterday, the market continued the acceleration of bear activity on Saturday, essentially resembling a quick completion of the last segment of the downward task within the cycle. As we enter the weekend's conclusion today and tomorrow's weekly candlestick is about to close, the market also begins to enter a critical time node.

From a weekly perspective, Bitcoin this week is more of a normal correction within the trend, while the second currency has seen a clear oversell, with its weekly decline nearly erasing the gains from the previous three weeks. Whether from technical indicators or cyclic structure, the current market is gradually accumulating a strong demand for repair.

Overall, it is currently closer to a low-level oscillation phase after emotional release; although there may still be fluctuations in the short term, a repair window is gradually forming.

This article is published by 【Huiying Community】, representing personal views only. Due to certain delays in information transmission, the content is for reference only and does not constitute any investment advice; please make rational judgments and operate cautiously.
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