11.22 Bottomed Out and Rebounded 1. Yesterday, after BTC accelerated its drop, it closed with a massive long lower shadow K-line. The trading volume surpassed the 1010 liquidation day. The liquidity from yesterday's panic selling was absorbed by big funds, signaling a potential phase bottom. 2. Similar to January 2022, it found support near the weekly EMA120 moving average and started a rebound. 3. BTC needs to break above 86300 to first change the bearish market structure on a smaller scale; otherwise, there's still a risk of a second dip with a wick.