The reason for turning bearish on #BTC重返10万 is due to a comprehensive analysis of multiple factors including market trends, time nodes, and fundamentals. Firstly, there has been a significant stagnation in the short term on the market, and we have reached a pressure zone of the previous large cycle. Considering that the market has been rising for a considerable time, and the current performance seems somewhat weak, it is expected that the bullish phase is nearing its end. Furthermore, interest rate hikes and tariffs have already been implemented, and technical indicators are showing bearish signals in the short term. Therefore, considering the overall situation, it is not advisable to chase after rising prices excessively in the short term, and it may be more prudent to turn bearish.