In terms of trends, we should look at the daily and weekly charts.
Back in January this year, I mentioned that 75K is a critical level.
Only a truly effective drop below 75K constitutes a complete establishment of a downward trend (referring to the black neckline on the daily chart).
Breaking below that neckline is considered a confirmation of the end of the bull market in 2025.
From the current structure, there are two interpretations:
Either it is a fourth wave rebound,
Or it is a fifth wave bottoming.
From a more standard pattern perspective, it actually looks more like a fourth wave rebound structure,
With another fifth wave decline to follow.
However, even if we are entering the fifth wave, we are already approaching the end of it.
So whether waiting for a rebound or considering bottom-fishing,
Buying in batches as the spot price declines in the later stages is a highly cost-effective operation.
As for whether the price is 50K or 30K, there is really no need to get too hung up on it.
From a structural deduction perspective,
I believe there is still a relatively high probability of a stage low occurring in the range of 56K–52K, which is worth paying attention to.