Foreign media: According to analysts, bitcoin may not currently be close to the staged bottom of this round of adjustments. The core of the article is not a short-line message, but a comparison of the evacuation and the operational rhythm of successive cycles. If the market continues to evolve along similar paths, there is a risk that the BTC will continue to explore further.
History retreat is still the main reference.
According to the article, the analyst compared the current trend with the midway back to the cattle market, suggesting that bitcoin, although adjusted, was not necessarily sufficient in historical samples. In other words, the market is now more of a support-seeking process than a bottom-up exercise.
The focus of such judgement is not on accurately predicting a particular price point, but on observing whether the market has completed the usual retreat zone. BTC may also face greater price pressures if the magnitude of the adjustment in the previous cycle is repeated.
The bottom signal is not yet complete.
The article mentions that analysts do not see the current price performance as a clear bottom confirmation signal. On the contrary, he argued that markets lacked more typical features of stability, such as adequate emotional clarity, a retreat to historical commons, or more stable support of prices in key positions.
In this framework, a recent rebound, if any, may not be sufficient to conclude the next phase. In the absence of continuous buy-in cooperation, the market is more likely to rebound as short-term rehabilitation during the adjustment process.
Markets are concerned about whether history is repeated.
The tipping point of the review was to remind investors that markets should not be by default close to the bottom simply because prices had fallen from the top. In the case of bitcoin, historical trends are often used to measure whether a return is in place, but history does not imply a mechanical repetition.
The article suggests that it is even more of a concern if the BTC will continue to re-route along the middle of the previous cycle. If the retreat continues to expand, market judgement at the bottom of the phase may also be further delayed.