Bitcoin is currently in the mid-to-late stage of the fifth wave decline on the weekly chart. The target for this wave is typically an extension of 0.618 to 1.0 times the first wave, pointing to the $52,000-$58,000 range. However, the characteristic of the fifth wave is 'bottom grinding': the downward space is limited, but the duration is long, with repeated fluctuations aimed at shaking out the last retail investors. This is why the current market shows the feature of 'unable to drop further but also unable to rise.' This is not a trend reversal but rather the low-volume bottom grinding phase at the end of a bear market. So, what are our strategies and price levels for spot bottom-buying? Check out the article below for bear market bottom price analysis and the layered framework for spot bottom-buying strategies