This is the monthly chart of BTC, if you lean towards cycle theory, then you must take a look at this! The interesting thing about the first two cycles is that the monthly chart closed negative ten times before truly bottoming out, but the order of closing was different. The bear market in 2018 was characterized by repeated positive and negative events, followed by a six-month consecutive period of negative activity before finally bottoming out. The bear market in 2022 was characterized by a period of three months of negative, followed by two months of positive, and then another three months of negative. After alternating between positive and negative periods, the market eventually bottomed out and reached its true bottom. And during this process, the bullish candlestick will also appear 3-4 times. If you understand this in trend operations, you will understand more! Of course, there are two key indicators: 1. Monthly KDJ (parameters 9, 3, 3) K value ≈ 29.9 D value ≈ 34.2 J value ≈ 21.3 (J value is approaching the oversold range of<20, but K/D has not yet entered the typical bear bottom oversold range) 2. Monthly RSI (parameter 14) RSI ≈ 31.5 (approaching the 30 mark, entering the oversold range, but not yet reaching the extreme oversold level of historical bear bottoms)