Five consecutive declines = a bottom signal? Don't rush to pop the champagne

Historically, after extreme consecutive pullbacks, Bitcoin often experiences a rebound. But history is a reference, not a script. Five consecutive declines are more like an emotional release than an automatic reversal trigger.
Currently, $70,000 is a typical “bull-bear consensus level.” The stronger the consensus, the more intense the game. Once it stabilizes effectively, bullish confidence returns, and short covering creates momentum; if it breaks below, technical pressure mounts, and panic spreads.
The key to judgment lies in structural changes: Are the lows being raised? Is the trading volume increasing? Are long-term on-chain holders significantly reducing their positions? If these indicators are not deteriorating simultaneously, it suggests the market is mostly digesting sideways.
Humorously speaking, the current market is like a tug-of-war, with both sides shouting “give it more effort,” but the rope isn’t really moving. The true direction often appears when everyone is tired.
Whether it breaks through or not is really a matter of time. The key is whether the market has already completed the redistribution of chips. #深度创作营