Alert Upgrade: This is not a pullback; it is a 'structural reset'!
#ETH走势分析
⚠️ Alert Upgrade: This is not a pullback; it is a 'structural reset'!
Key Signal: The core on-chain indicator BCMI for Bitcoin has fallen below equilibrium, moving into a downward range. History shows that only when this indicator falls within the 0.25-0.35 range can the market potentially form a true bottom.
📉 Current Status: The market is in a 'downward transition phase', with prices synchronously contracting with on-chain momentum. This phenomenon is highly similar to the structural reset seen in the early stages of the bear markets of 2019 and 2023.
🔮 Core Warning: If historical patterns repeat, the market needs to undergo a deeper reshuffling and bottoming process before a sustainable bull market can emerge.
