2025 has passed like this, Bitcoin shines brilliantly in 2025, creating new historical highs, but the vast majority of non-Bitcoin varieties are tragically bleak, with many old retail investors wiped out by the bull market. The market draws candlestick patterns in a state that is both familiar and unfamiliar, telling the story of the industry's maturity and transformation!
The annual line of Bitcoin has closed. From the annual line perspective, it has formed a long upper shadow, with a short body and short lower shadow, signifying an end to its strength, and cannot hide its declining trend. The MA7 of the annual line has approached around 57600. Historically, the bottoms of the last two bear markets have both fallen near the MA7 of the annual line, so this position should be marked. If a deep bear market unfolds, this could very well be the bottom range of the major bear market.