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After the sharp decline, it seems like a V-shaped rebound has occurred, so is the downward trend coming to an end?
The answer is no. Such a significant drop requires months to recover. This rebound can be seen as short-term buying caused by short sellers and hedge fund liquidations.
The volume spike and stagnation at the ETH top may indicate that traders who bought the dip during the previous decline are gradually taking profits.
Bitcoin's repeated fluctuations around the previous high near 69,000 are also due to a large accumulation of positions at that level!
Overall, the downward trend still persists. The major bear market decline is nearing its end, and the frustrating oscillations and jumps within the bear are about to begin.