Many people are starting to say that there is no bear market, and the market will enter a slow bull phase next, because institutions are propping it up and it can't drop further. I remember during the bull market in 2021, many people also said there was no bear market, that the crypto market was in a perpetual bull phase, and then 2022 left everyone stunned with the drop. So this time, when you say perpetual bull market, no one believes it anymore, so it's been rephrased as a slow bull market. I still believe that the market has cycles; where there is a bull market, there must be a bear market. Therefore, according to the cycle, the bull market is definitely not over yet; a pullback is an opportunity. Next year will definitely be a bear market, but every bear market, Bitcoin's drop will be smaller than the previous one. So the bottom for the next bear market is estimated to be around 70,000.