Recently, the Bitcoin market has experienced significant volatility. Yesterday, the Bitcoin price broke through a key technical support level, triggering a comprehensive fall in the market, which aligns with previous analytical expectations.

Currently, Bitcoin has fallen back to the short-term holders (STH) realization price level, which may provide temporary support for Bitcoin. From a technical analysis perspective, the current downtrend seems to have completed the A wave pattern.

Looking ahead, the market is likely entering the B wave phase, which is a short-term rebound process. This rebound is expected to at least reach the previous neckline position. However, investors should view this potential rebound with caution, as it may just be a part of a larger adjustment cycle.

It is worth noting that the high volatility of the cryptocurrency market means that situations can change rapidly. Investors should consider a variety of factors when making decisions, including but not limited to technical analysis, market sentiment, and the macroeconomic environment.

Regardless, keeping a close eye on market dynamics and maintaining rational judgment is crucial for participating in cryptocurrency investment. The price trends in the coming days will provide us with more clues about the market direction.