Discuss the Bear Market structure and the Bear Market bottom.

The Bear Market is long and brutal; the declining trends of previous bear markets lasted for a year or more. It has only been over two months since the decline began, and there is still a long way to go before reaching the bottom of the bear market.
From the perspective of wave theory, the bearish trend typically follows an A-B-C three-wave structure, and the A wave may not be completed yet. The A wave is unlikely to break the mid-term support level of 74,500.
After the completion of wave A, there will be a rebound in wave B, with the target for wave B's rebound near the annual line.
After the B wave rebound is completed, the C wave decline will continue. The C wave is highly likely to break through the medium-term support level, testing the support level at the bottom of the fourth wave of the bull market.
So the bottom of the Bear Market for Bitcoin may be around 55,000, or even lower.
In the future, I will deduce a more accurate Bear Market bottom based on the second-order rate of change model for Bitcoin that I proposed myself. #今日你看涨还是看跌？ $BTC $ETH