We are certainly in the second half of the decline cycle.

We-are-certainly-in-the-second-half-of-the-decline-cycle

From this data, the detailed bottom and duration are unknown, but it is clear whether this is the first half or the second half of a bearish cycle.

The section where the highs of the price chart and SCA (1w~1m) go down can be seen as the start of a full-fledged down cycle (red box).

The price is falling, but when the SCA (1w ~ 1m) goes up in the opposite direction, it can be seen as the second half of the down cycle (green box).

The phenomenon of an increase in SCA (1w ~ 1m) while the price declines can be seen as a period of accumulating the power of a trend perspective.