No matter how strong the upward trend is, it cannot only go up without any decline, because the higher the price, the larger the amount of capital needed to drive it.

For retail investors during this round of halving, prices above 100,000 have already become a high point in their minds, making it easy for them to sell as soon as they come in.

With selling, there will be fluctuations and pullbacks, but retail investors' selling and pullback amplitudes are relatively small, and in the short term, seeing 97,500 is sufficient.