$BTC Last night, in the wealth password group, it was emphasized that the pullback on the one-hour Bitcoin chart is not over yet. Today, in the morning analysis, it was reiterated that the pullback has not ended. Subsequently, there was a sharp decline; the market behavior is indeed mysterious. You can never predict the strength of the trend, but we can judge the conversion of bulls and bears through the structure. That’s why, starting Wednesday, I advised everyone to take profits on the highs. The main logic is that this wave of movement is at high levels in major cycles. When making small-scale buy points at high levels in a large cycle, it is necessary to manage the position size 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 drop and the panic that everyone is concerned about, I personally believe that this will not happen yet, but the risks are beginning to form. I will provide detailed answers regarding the perspectives of interconnected movements in various cycles in the Chan theory analysis during tonight's live broadcast.