BTC's performance indeed needs to break through to reverse the situation. From the daily chart, the trend line resistance at 9.28 is a hurdle—if it can't break out, the subsequent rebound space will be very limited.

To be honest, the profits made during the bull market are easily given back in the bear market. Now, to recover them, the difficulty is obviously greater. Therefore, the trading approach needs to be more cautious.

The key to daily layout lies in the support levels of the Fibonacci sequence. The 0.618 and 0.5 levels, even if trapped, are worth establishing positions at because these are high-probability rebound points. Other positions are basically waiting out the time, with low cost-effectiveness.

To turn losses into profits in this cycle, the coordination of these key levels is very important.