After several weeks of weakness, Bitcoin's price action is showing a new technical observation point. On the daily chart, a more complex double-bottom 'W' pattern is forming, which could be one of the few remaining bullish signals in the near term. Previously, Bitcoin made multiple attempts to form a rebound structure, but each was interrupted by the ongoing downward trend. During the current price pullback, a three-phase bottoming structure has formed near the lower Bollinger Band, gradually piecing together a 'W' pattern. This pattern exhibits clear fractal characteristics, meaning that smaller, similar patterns exist within the larger structure. Based on this, the current daily adjustment may not just be short-term fluctuations but could also be part of a larger cycle structure. If this daily structure holds and breaks above the mid-point high of approximately $65,000, Bitcoin could potentially end its months-long downtrend. This level is seen as the key observation point for whether the current pattern can be completed. However, as of now, this remains a technical analysis-based judgment, and the market has not provided a clear confirmation signal. Bitcoin is currently trading at approximately $61,556, showing only a modest recovery from its recent lows.