Bitcoin is still consolidating within a large range, and the consolidation is far from over. The overall trend remains bearish; the current movement is just a rebound structure. The pattern: first, a fake breakout to the upside to trigger short stop-losses → then a drop to trigger long stop-losses → followed by continued oscillation. As the situation worsens, there’s still a significant drop ahead. Only when the market experiences extreme panic will it be the true large-scale buying opportunity.