This wave rose from 20 to 1400. To be honest, luck played a significant role—selling at the high and buying at the low is a perfect operation, relying on an understanding of the market maker’s fee movements.

My bullish outlook mainly stems from judgments about fee distribution. As long as the fees can't be pushed up, a decline to any level is not surprising. The core of judging the highs and lows still relies on these logical supports:

**Key Signal 1**: I bet that they won't easily give up this position, and will continue to push up the fees and consolidate sideways.

**Key Signal 2**: After the weekly line broke below this wave, it was immediately recovered, and those mysterious small K-line orders haven't run away yet, indicating that the main force is still in the market.

**Key Signal 3**: Focus on the daily line at the 0 axis. If it starts to rise from today, the price will find it hard to continue downward. Currently, the bullish logic is valid. Conversely, if this line stays at 0 and doesn't move up today, the price will follow the overall trend downward.

**Key Signal 4**: RSI is in an oversold state at 27. Based on past experience, as long as the strong market maker coin doesn't break below 20, a collapse is unlikely. Usually, 26 to 29 is the limit.

The downward trend on the larger cycle is certain. My current bullish view is just a phased judgment based on the above logic. How it will develop next, time will tell us the answer.