BTC can no longer be analyzed objectively. The current market is completely driven by news, but one thing to note is that this round of increase is mostly driven by contracts, with very few spot participants! It is understandable that a market without spot participation will see a correction equal to the amount it has risen. The market has been particularly volatile in the past two days; high volatility has led to high trading activity, but the difficulty of trading has also increased with market fluctuations... After hitting stop losses, many are hesitant to trade. Many are doing the opposite direction trades. Very few in the domestic market have benefitted from this wave of increase. When they see how much it has risen, they are dumbfounded. Why has it risen so much? Now the price has also risen to a high level; it's time to look for opportunities to short again!