BTC and IBIT have already formed a trend on the 4-hour chart. IBIT's recent correction has reached 75% of the retracement, providing some technical support. To be honest, the daily chart doesn't look very good—overall it appears a bit chaotic. However, from a cyclical perspective, this is likely just a wave of shakeout within this week, mainly targeting retail investors who bought in at high levels. If we follow seasonal patterns, Wednesday should see a relatively strong performance. Currently, we are observing the trend under this expectation to see if the lower support can be confirmed and if a rebound occurs.