Recently, Wyckoff's theory has been frequently mentioned again, especially his expertise in using FIB 0.5 retracement to assess market strength. According to this logic, if a correction after a rally stalls at the FIB 0.5 level, it indicates a strong correction, and the overall trend has not yet broken.

The current situation is this—support at FIB 0.5 is around 70,600, but Bitcoin is still oscillating above 88,000. This is very interesting. Setting aside market sentiment, purely from a price perspective, the strength of mainstream coins is simply unbelievable. Although the drop from over 120,000 to now is significant, it hasn't entered that despairing low-price zone, meaning it’s not yet at a comfortable level for large-scale accumulation.

This is the most difficult moment—market psychology has already collapsed, but prices are still not low enough. If you want to build a position, this semi-dead state is the most frustrating. For traders looking to bottom-fish altcoins, the feeling is even worse. Once Bitcoin continues to dip, altcoins will inevitably fall even deeper. By then, even if you want to buy, you won't dare to hold a heavy position, fearing to buy high. So, the key now is to wait—wait for a genuine bottom signal.