Today, starting from a historical perspective
Using history as a mirror, one can understand the rise and fall. Don't say things like 'carving a boat to seek a sword' that make people laugh, because people have fixed thinking. What guides the K-line trend is every participant in the cryptocurrency circle, unless you say you are not human.
On August 5, 2024, Bitcoin faced its darkest moment, plummeting 10,000 points in one day. It must be noted that at that time, Bitcoin dropped from 59,000 to 48,000. Afterward, it went through a consolidation phase, slightly probing the bottom before entering a bull market.
On October 10, 2025, Bitcoin dropped from 122 to 102, a sharp decline of 20,000 points. Recently, it has undergone a similar consolidation phase and the same slight second probe of the bottom. The difference this time is that Bitcoin's movements are faster, with a shorter ambush period before October 10 and a more hurried consolidation period after October 10. So is there a possibility that there will be another wave of bulls in the future, and with a faster pace?
Note that this is the daily structure, which is more suitable for spot and long-term participants. Day traders should look for opportunities through micro-structures, as there may be many wear and tear, and if judgments are wrong, it could all go down the drain. Therefore, day traders should be cautious, unless you are me!