Let's talk about $BTC 's opinion.
First, let's look at the first image. At 8 PM, there is high trading volume and a bullish candle. But has anyone thought about why, with such high trading volume, the price increase is not as significant as the previous candles? Moreover, the upper shadow is already half of this candle. Why? Because the big players are starting to sell, so be careful at this point.
The second image is at midnight. Why is there such a long lower shadow, and why can't it drop further? Because the big players haven't finished selling their stocks; they need strong support to raise the price and continue selling. At the same time, pay attention to the high points of the subsequent candles. If they can't break through the resistance level I've drawn, it indicates that this rebound is very weak, and the big players are close to finishing their stocks!
Alright, let's continue to the third image. This candle quickly spiked and then immediately retracted. The support level is still valid, but it's already very dangerous. Also, the trading volume here is the third highest in this image, indicating that the big players are still selling, and the price can't go up. Supply exceeds demand, and the subsequent rebounds are even weaker, waiting to break through the support.
Then a key point appears: a large bearish candle directly breaks the support, with the second highest trading volume, indicating that this is a sell-off, and supply dominates the market! The decline has been confirmed! Meanwhile, the subsequent rebounds are weak, and the appearance of a low trading volume bearish signal further confirms the downtrend. Therefore, the low trading volume bearish signal can be shorted.
So how will it go from here? The trading volume has started to shrink, and the amplitude has also decreased, indicating that the downward force is beginning to diminish. So is this the bottom? Of course not; the bottom needs to be confirmed before entering a long position. Continue to look down and wait for a clear signal to enter.