Bitcoin has begun to show signs of stabilization and rebound after a significant drop, forming a trend of gradually rising bottoms, indicating that the bearish strength is weakening and bullish strength is starting to accumulate.

In terms of candlestick patterns, a series of small bullish candles have formed, showing that both bulls and bears are fiercely contesting in the current price range. Once the bulls gain the upper hand, it could trigger an upward breakout.