Bingwu:

February Market:
Bitcoin's monthly K-line extreme position is at 61,854, this week's weekly K-line extreme position is 63,320, and the lower boundary of the bullish structure is around 62.
Ethereum's monthly K-line extreme position is at 1,537.9, this week's weekly K-line extreme position is 1,837, and the lower boundary of the bullish structure is around 1,810.

My personal understanding is: First, from the monthly chart, Bitcoin has basically bottomed out and is in a bottoming phase. Second, there is still room below Ethereum. Third, it is still in a downtrend, and the structure has not been broken. The long-term view remains unchanged — it's dark before dawn.....