[Analyst: The market has entered a corrective range-bound mode, and the current rebound is more of a temporary recovery] Golden Finance reports that Cryptoquant analyst Axel Adler Jr has released a market analysis indicating that the market structure has changed. The composite index has fallen below the −0.4 threshold, showing bearish dominance, while the difference between the fast and slow EMA is negative, with the trend and price positioned below the 21-day Donchian channel lower region. The market has entered a corrective range-bound mode, and the current rebound is more of a temporary recovery rather than a trend restart. Within the channel, the key support level is at $109,500. If this level is held and the structure is pushed back above zero, the bullish pattern will be restored, with the potential to retest $117,700.