BTC: Both the weekly and daily levels have closed with a 'large bearish candle,' and trading volume has increased, indicating significant selling pressure and a bearish market dominance.

Overall, from a technical perspective, after the weekly chart's second test of the bottom, there may be an oversold rebound aimed at squeezing the shorts. However, a rebound does not equate to a reversal, as there is strong resistance around the $94,000 mark that is hard to break. If it cannot break through, we may officially enter a bear market; if it successfully stabilizes, it will continue to oscillate and build a top. I believe that Bitcoin has likely already reached a major peak, and when faced with an oversold rebound, liquidating positions may be the best choice.