Last night in the wealth password group, it was emphasized that the pullback on the one-hour chart of Bitcoin has not ended. Today, in the morning analysis, it was reiterated that the pullback has not ended. Subsequently, there was a downward spike; the market behavior is truly mysterious. You can never predict the strength of the trend, but we can judge the bull-bear conversion through structure. This is why, starting from Wednesday, I have advised everyone to take profits on the highs. The main logic is that this wave of movement is at high levels across major cycles. When making small-scale buying points at high levels in a large cycle, one must manage position sizing and risk control well. This morning's decline was quite strong, and there will likely be a rebound and repair during the day. Whether this will directly trigger the sharp decline and panic that everyone is concerned about, I personally believe that it won't happen just yet, but the risks are beginning to brew. I will provide detailed answers on the perspectives of interlinked movements across various cycles in tonight's live stream analysis of the Chan theory.