Quick chat about BTC BTC The structure of the three downward phases has basically played out. But the question is: has the third phase truly completed? It’s still too early to draw conclusions. Currently, the price is still in consolidation, and both the highs and lows continue to move lower, so the overall structure remains weak. Although there was a rebound last Wednesday, the momentum wasn’t particularly strong, and we haven’t seen clear enough signals of a trend reversal. So, whether the third phase of the drop has ended still needs further price validation. At least at this current level, I wouldn’t directly conclude that the decline is completely over. Additionally, market sentiment hasn’t entered a clear panic phase yet. Talking about a reversal now feels a bit premature to me.