The trend still looks like a daily and weekly chart.

Back in January of this year, I mentioned that 75K is a key level.
Only a true and effective break below 75K, with a decline trend, would confirm the end of the 25-year bull market (see the black neckline on the daily chart).
Breaking below that neckline is the confirmation of the end of the 25-year bull market.
From the current structure, there are two interpretations:
Either a Wave 4 rebound,
or a Wave 5 bottoming.
From a more standard pattern perspective, it actually looks more like a Wave 4 rebound structure,
followed by a Wave 5 decline.
But even if it’s moving into Wave 5, it’s already nearing the final stages.
So whether waiting for a rebound or considering bottom-fishing,
buying in stages during the subsequent decline for long-term holding is a very cost-effective strategy.
As for whether the price is 50,000 or 30,000, there’s no need to overthink it.
From a structural analysis perspective,
I believe the probability of a local bottom appearing in the 56K–52K range is quite high, so it’s worth paying close attention.