[Analysis: Bitcoin Nears Four-Year SMA Support Level, Possibly in the Final Stage of the Bear Market] According to an analysis model published by CryptoQuant analyst Darkfost, an indicator based on Bitcoin's four-year simple moving average (SMA) has entered the bear market range. This indicator measures Bitcoin's valuation status using standard deviation and SMA multiples: the higher the multiple, the deeper the overbought condition; the closer the price is to the four-year SMA, the lower the valuation. Currently, Bitcoin's price has fallen into the green zone and is approaching the four-year SMA level, which is currently around $57,500. Historically, this level has often marked the final stage of each bear market, with BTC prices typically consolidating in this zone for several months. Darkfost stated that while he generally does not favor models based on moving averages, he believes this indicator is worth paying attention to.