After watching so many market predictions and structural analyses from bloggers in the square, I tend to agree with Brother Luyao's analysis and observations.

Looking at the weekly level this time, it is indeed true that the first wave of the bear market rebound has been completed, and now we are in an accelerating decline. The second phase will be the stage where it drops the deepest, and these past two days have been the most grinding, which will also be a period of explosive accumulation.

First, I would like to mention two points. The first point is that this round of decline has already shown signs of being oversold. In just a few weeks, Bitcoin has reached 70,000, ETH is teetering around 2000, and SOL has also reached double digits.