In the big trend, the bearish outlook remains unchanged. This does not conflict with the current rebound market during the Spring Festival; the rebound still presents an opportunity to escape. On the monthly chart, this month is forming a long lower shadow bearish candle, and many people will judge that this will become a major bottom and lead to a big V recovery from here. This is absolutely impossible. Because the monthly chart is a major indicator, producing one bearish or bullish candle per month, and the MACD is still quite far from the zero line. It will take at least another 4-5 months for it to flatten out towards the zero line. Therefore, the time cycle is extended; 59800 is just the lowest point for this February, not the lowest point for the entire bear market cycle. #btc