Since the temporary peak on May 10, the cryptocurrency market has been in a downward channel. After a long period of decline, sideways movement, and further decline, the overall market sentiment has been consumed to a very low level. However, from the current cycle structure, the market has gradually shown certain bottom characteristics, and the bearish momentum has also shown marginal weakening compared to the previous period.

Yesterday, signs of some funds attempting to buy the dip began to appear, with some buying behavior occurring in key support areas. However, it is important to clarify that after nearly a month of continuous decline, the bearish trend has already formed inertia, and simply relying on short-term funds entering the market is not enough to immediately reverse the overall weak structure.

What the current market lacks is not position, but continuous funds and cycle resonance. For a genuine rebound, whether the 15-minute and 30-minute cycles can first turn into an upward trend will become an important observation signal. Only when the short cycle first completes structural repair can the market gradually transmit to higher cycles and form a sustainable rebound market.

Conversely, if the market continues to maintain a long period of sideways turbulence, looking stable, but in reality just exhausting the bulls' patience. A sideways market without financial support often evolves into a process where bears rebuild their momentum, creating conditions for the next round of decline.

Overall, the market has currently entered a stage of "bottom characteristics beginning to appear, but the trend has not yet reversed." Opportunities are emerging, but confirmation signals have not truly arrived.
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This article is originally published by 【Huiying Community】 and represents personal opinions 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 with caution.
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