BTC perp daily chart, unless a strong breakthrough of 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 and simultaneously being backed by secondary accumulation, especially near Fibonacci levels, can be an opportunity to seek a secondary rebound.

Usually, as long as the 61.8% level is not effectively broken, it can be seen as a "normal" market correction; after the correction reaches its place, there is still a "second wave" expectation; a death cross of 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 for the bulls.