Can Bitcoin shorts completely turn into daily bulls?

In terms of time, the last time Bitcoin dropped rapidly to a trend reversal took 67 days of oscillation. This time, it has only been 20 days since the accelerated drop, indicating that the time is far from sufficient.

From a price structure analysis, Bitcoin's daily high and low points are continuously decreasing, and the bears still dominate the market rhythm, with the downtrend unchanged.

In terms of moving averages, Bitcoin is running below the EMA20 and EMA50 moving averages. Although there was an attempt to break above EMA20 yesterday, it was suppressed and fell back.

Therefore, before a clear direction emerges, the market is likely to oscillate repeatedly, inducing both longs and shorts, making it unsuitable for heavy bets on direction.