From a technical perspective, the trend judgment of BTC will be much clearer. The key condition is one— the daily K-line must break through the red downtrend line at $90,588; only then can a rebound possibly begin.

Conversely, if it remains suppressed, then in the short term, BTC will have to test the bottom again. Looking back at this wave of correction, it’s actually quite frustrating: on October 26 and December 3, BTC tried twice to break out of this trend line, but both attempts failed. Two consecutive failures indicate how heavy the pressure on this line is. Now, it all depends on whether it can break through on the third attempt.