There is an interesting phenomenon: Bitcoin's current trend is almost a copy-paste of February and March 2022.

Back then, it was also the early stage of a bear market with a sharp decline, followed by a two-month period of range-bound oscillation, and then a move into a standard upward channel. Afterwards, the upward channel was broken, and the entire market entered a prolonged decline lasting half a year, with further sharp drops.

This time, the details are surprisingly the same rhythm.

Based on this historical pattern, it is very likely that there will be another two months of oscillation to digest the floating capital, followed by a breach of the upward channel, officially entering this round of the bear market cycle.

Both BTC and ETH are currently validating this hypothesis.