As long as Bitcoin does not break below the support line MA30, the fifth wave's third sub-wave may not yet be complete. In this case, Bitcoin will continue to rise to complete the fifth wave's third sub-wave, followed by a major correction, which may reach around 90,000.

Currently, the main issue with Bitcoin is that the position volume is too high, leading to a demand for deleveraging. Therefore, it is difficult to say whether it has already reached a low point; if Bitcoin can reduce its position volume through fluctuations in the near future, the likelihood of further declines will decrease.