The short-term pattern continues to strengthen, with this wave of decline already covering 32 K-lines, and the trend pressure is clearly evident.

The key price levels are as follows: the tracking line is set at 0.04586, which serves as both resistance during rebounds and a stop-loss reference. There is no obvious support below, leaving ample space for movement. Looking upward, 0.04586 is the first resistance, followed by 0.91740 and 1.00040.

From an operational perspective, the bearish tone remains stable. The price has already moved far away from the tracking line, so blindly bottom-fishing now would be unwise. However, if the rebound approaches around 0.04586, consider adding to short positions or looking for new entry opportunities.

Special attention should be paid to the risks—although the decline has been significant, the trend line resistance remains obvious. Any rebound might only be superficial, and a true decline could still be ahead. If you want to go long now, it's like walking a knife's edge—you must be prepared to accept the associated risks.