The current callback depth and trend, if compared with historical markets, the condition settings are a bit lenient, mainly to have more data for reference.

In general, compared with eight historical points in time, one of them saw a sharp drop into a bear market within a month, another started the bear market after more than a month, while the other six time points continued to rise, at least a month before entering a sideways trend, with the strongest increase lasting for five months.

If the conditions were tightened a bit more, the current situation resembles the period from December 2020 to January 2021. Therefore, I still maintain the view that the bull market will continue.

Of course, this also needs continued observation. If the trends in January and February really do not meet expectations, I will choose to hold half of my BTC and wait. As for the market in 2025, according to my expectations, there should be no need to clear positions before the first half of the year.