@币安广场 Weekly level breaks the neckline, bear market sentiment completely confirmed, no one will say bull market anymore.

Pattern confirmation: 70,000 at the end of 2024, 100,000 at the beginning of 2025, a pullback to 74,400 in mid-2025, followed by a drop to 126,000, outlining a clear composite head and shoulders pattern.

126,000 USD is the first peak, 100,000 USD region is the second peak, 74,400 USD is the key neckline. The current price has fallen below this neckline.

Measured target: The theoretical minimum decline target for this type of large top pattern is the height of the pattern (126,000 - 74,400 = 51,600 USD) projected downward from the neckline.

That is: 74,400 - 51,600 = about 22,800 USD. This also points to the ultimate target range in my script of "value reconstruction" (20,000 - 30,000 USD).

Time span: It took more than a year to build the top, and its impact period is also very long. This is not something that can be repaired in a few weeks,

and it also confirms the beginning of the "bear market" or "deep value reconstruction period."

Strategic response framework: Entering a "protracted battle," hoping everyone can do well in the next two years.