Currently, the risk of a Bitcoin pullback (大饼) remains, with a significant divergence on the 12-hour scale, and various indicators on the daily scale are also trending downwards. Ethereum (以太) is performing stronger than Bitcoin; don't be fooled by Ethereum's current strength, as it will drop rapidly when the market truly declines. Altcoins have started to decline early. The US Dollar Index, after losing the 100 mark, has regained it, which definitely puts pressure on Bitcoin. Traders have lowered their expectations for the number of interest rate cuts by the Federal Reserve this year, leaving uncertainty about where the real good news lies. Overall, the risk of Bitcoin's decline is greater than the opportunity for an increase.