Recently, this wave of market行情 has been quite nerve-wracking. A while ago, Bitcoin dropped from its high levels, and the market was filled with intense panic—newcomers were asking me overnight whether to cut losses, and seasoned investors' hands were trembling while holding their positions. Unexpectedly, the price stubbornly held around 87,000, giving the bears a sudden setback. Having watched the market for so many years, I dare say this isn't just a simple technical rebound, but there are signs indicating a larger-scale turning point is coming.

Let's first look at what has happened in the recent market. This decline has indeed been fierce, and many are worried about breaking the 80,000 threshold; previous profits might have to be realized quite a bit. But the key moment arrived—when the price approached 87,000, a large amount of buy-in suddenly appeared, not only stopping the decline but also quickly bouncing back. This is a typical signal of "bulls refusing to continue downward," and the market forces are quietly shifting.

Looking more closely at the market trend, the current pattern is a very classic W bottom—also called a double bottom structure. Simply put: the price first drops to a low point, then rebounds, then slightly pulls back without making a new low, and finally pushes upward again. Once this pattern is confirmed, it usually indicates that the downward momentum has nearly exhausted, and the bulls are about to make a comeback.

My personal view is that this W bottom is more solid than those in previous instances. Why do I say that? Because this bottom just formed above a strong support zone in the market, and data from the past three months also confirms this. From a technical perspective, the space and strength of the rebound suggest that the subsequent行情 won't be so straightforward.