From a technical structure perspective, the current market is in a "false equilibrium period" of sideways correction. The four-hour candlestick chart shows that after the completion of the previous downtrend, the Bollinger Bands' three lines have been forced to flatten, seemingly providing room for bulls and bears to compete, but in reality, it is the main force deliberately delaying the pace and exhausting sentiment. In the short term, the bullish and bearish volumes are pulling each other, but they can never produce an effective direction. This kind of market pattern is itself a typical form of a downward continuation.

The real focus is not on the short-term cycle but on the trend structure of the larger cycle. From the overall pattern, the bears still hold the dominant position firmly. Every rebound is weakening, and each rally lacks continuation; essentially, it is just emotional recovery rather than a trend reversal. Prices can rebound, but the structure no longer allows them to go far; the technical drivers for decline are far more sufficient than those for rise.

The conclusion is clear: sideways movement is not a sign of turning bullish but a preparation for the next wave of decline. There is no need to waver in thinking, nor to indulge in illusions. The subsequent strategy should continue to revolve around shorting on rebounds and shorting at high points, following the trend to eat up space. This is the most stable, aggressive, and rational choice under the current market conditions.
$BTC $GT $ETH
#Gate广场创作者新春激励 #市场触底了吗？