The second Bitcoin has dropped from the 4956 high of the M top. The major timeframes still show a bearish outlook: the monthly chart has a death cross, the weekly chart is trending downward, and the daily chart has a death cross with a 12-hour downtrend. Currently, it is in a mid-term correction after the M top, with a rebound following the decline. It is possibly undergoing a second bottom test, oscillating back and forth around this level, but there may be a daily-level rebound forming. The key levels show a fierce battle between bulls and bears. There is a potential head and shoulders bottom forming on the 30-minute chart, with a rebound on the 2-hour and 3-hour charts. The market has reached the 3-hour timeframe, testing the 2900 to 2980 range. Do not chase the highs or sell at the lows; consider shorting at high levels and buying at lows. Upper levels: 2950-2980-3000-3030-3050-3111-3150. Lower levels: 2903-2866-2830-2800-2765-2700-2623. This is just my personal opinion and not investment advice. If you disagree, please refrain from criticizing!