In a bull market, the main theme is 'realizing profits.' Therefore, when indicators return to the breakeven point (zero axis), it becomes a support level. Once sellers are cleared out, it's easy to form a local bottom. In a bear market, the main theme is 'realizing losses.' Opposite to a bull market, the breakeven point becomes a resistance level. Exiting early is wise, and it's easy to form a local top. Currently, BTC is sitting right at the net breakeven point. According to the above logic, if we only look at smaller timeframes, the probability of a 'downward' move is definitely greater than an 'upward' move (including a 'fake breakout' followed by a drop). But if we look from a higher perspective, we can interpret another layer of information: In February and June, there were two negative values, with the latter being lower than the former. When prices dropped further, the realized net loss did not continue to expand, creating a divergence with the price. This suggests that the precursor to a trend reversal is slowly and quietly brewing. Even if there’s another drop, as long as the realized net loss is lower than the previous low, on a larger scale, it can almost be confirmed: the probability of 'upward' will definitely be greater than 'downward.' Remember, historically, the ultimate outcome of prolonged divergence is a decisive reversal of the trend. #BTC #Crypto #Trading