Let's first look at the position volume.
First, let's take a look at the contract position of Litecoin. The key point is that during the first wave of the crash, the contract position surged, and then in the last few days, it has slightly decreased, washing away the dead bulls, making it hard for the bulls to hold on.

Then let's look at the daily chart.
After quickly recovering from a new low, if the outlook is bullish, it's time to enter the market. This is a very clear Wyckoff trading method: a rapid recovery after a new low, sweeping away losses. Last week's line was a shooting star, also a bottoming pattern.
Next, let's look at the larger cycle monthly k.
This is a very long-term, monthly-level oscillation market, which includes accumulation, washing out positions, accumulation, washing out positions, and contract reduction. It creates a situation where everyone has to give up their chips.