BTC perpetual daily chart, unless a strong breakthrough above the previous high and stabilization occurs later, it is expected to continue upward; if limited by the previous high and unable to break through for a long time, the market will choose to turn down and explore various potential support levels.

If the market ultimately chooses to continue downward, the previous low will be the first breakout anchor point; from an operational perspective, breaking the new low, along with secondary accumulation, especially near Fibonacci lines, can be an opportunity to seek a secondary rebound.

Usually, as long as the 61.8% line is not effectively broken, it can be seen as a "normal" market correction; after the correction is in place, a "second wave" is still expected; a death cross on the MACD at the previous high suggests the market is entering a correction; typically, a pullback near the zero line with decreasing volume indicates a second wave expectation for the bulls.