From the current trend, the "gap filling" and "three-wave correction" trends are becoming increasingly evident. Let's take a look at the current latest status:

1. The BTC CME gap is only 325 points remaining, and the intraday pullback has already filled part of the gap, but it has not been completely filled. It should be noted that gap filling cannot be completed all at once; in the short term, it may take a few days, and in the long term, it may take one to two weeks.

2. The gap is triggered by CME data and is also filled by CME trend data.

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3. The intermediate three-wave is a "correction" idea referenced during the major upward trend. It is a reference for correction, not bearish; the major trend remains bullish. If you ask how long the major trend lasts, I believe it is through the next phase of the U.S. election cycle.

4. The intermediate three-wave is referenced from the historical high as a starting point for a one to two-month correction cycle. If the BTC price cannot attempt to test the historical high again this week, it basically confirms the end of the second wave rebound, and the third wave correction is coming.

5. Given that the current market is facing an increase in the activity of monetary easing, the overall pace is relatively fast. Referencing the trends and time cycles after this year's two new highs, each wave cycle takes about two weeks, with a deviation of 2-3 days.