The market surprised us again this morning. The extreme level of 91500 that was mentioned yesterday afternoon bounced back by 3000 points and then broke through again. To be honest, this pullback was within my expectations, but it exceeded my predictions. Originally, I expected the pullback levels to be at 94000 and 91500, and it was supposed to be a pin-like decline. However, the 4-hour downward trend exceeded my expectations, so I have reflected on it for quite a while. Trading is about continuous improvement. Bitcoin has doubled from the bottom of 49000 to around 100000, and each time Bitcoin doubles from the bottom during a major upward wave, the retracement tends to be deeper than normal. This is why I don't want to heavily invest in high-leverage contracts during the upward trend, as there are always unexpected events and the risks are too high. Therefore, I am always waiting for that major pullback in the main upward wave. Although these bottoms also carry risks, relatively speaking, the risk is significantly smaller. In summary, I will continue to hold low-leverage positions and remain confident in the rise in December, firmly believing that a major pullback will not occur at this time. If a major pullback happens at this level, we could see 80000, but as I said, the time and height are still not sufficient. The core viewpoint in my system is cycles, trends, and time. The principle is simple: a trend will not form in a short time, nor will it end in a short time. However, since the market has shown a downward trend, it will require more probing fluctuations in the short term to break out into the next upward phase. If it continues to decline to 89000, I will increase my position once, and at 87000, I will increase my position again. Don't be intimidated by the short-term decline; at the very least, hold until February 25, 2025, $BTC .