Since the peak of the big cake on July 14, it has dropped about 9%, and the sentiment is very close to the 'buying signal'.

Arthur Heiss recently sold ETH, EAN, and PAYPAY, and he even anticipates that Bitcoin may drop to 100,000, while Ethereum might pull back to 3,000.

I don't fully agree with his extreme views, but I do agree on one point—this wave of Bitcoin's washout is not completely over, and it may take more time to clean out the floating chips.

However, from the perspective of trading structure, chip changes, and sentiment release, the short-term rebound window is actually approaching. After 115,000 stabilizes, I personally will start to pay attention to signs of structural strengthening, prioritizing short-term rebound opportunities for the big cake and leading altcoins.