Today I received many private messages from fans asking whether it's a true bear market or just a normal correction, so let's discuss the upcoming market outlook: 1. Bitcoin and Ethereum have confirmed their entry into a bear market. Bitcoin's moving averages are showing a bearish divergence pattern, and it has effectively broken below the EMA512, a key bull-bear dividing line. 2. We are currently in the middle of a bear market, with Ethereum experiencing a larger drop. Bitcoin and Ethereum have seen significant volume during their recent declines, with the most recent trading day closing positive with substantial volume, suggesting a high probability of stabilizing and consolidating, or a slight rebound. 3. 74,000 is not the bottom for Bitcoin. Neither the time frame nor the closing price indicates a bottom. In summary, Bitcoin and Ethereum are likely to stabilize and consolidate for a period, or experience a slight rebound, accumulating bearish momentum and awaiting new negative news before breaking down further. For long positions, only short-term longs are advisable; avoid holding positions for too long and focus on short-term trends. For short positions, consider a small short position on a rebound, and add to the position once the trend is confirmed (if you have a strong mentality, just aim for small profits). Once a bear market is established for Bitcoin, it won't easily reverse. It needs a sharp drop in volume to create an exchange of shares, followed by sideways consolidation to accumulate shares and momentum before a bull market can form.