Whether the pullback has ended/evolved into a bearish trend:

1. Historical pullbacks have ended with a decline in BTC futures positions as a signal. Taking Binance data as an example, BTCUSDT perpetual drops below 86k, with 85k being the best.

2. Can it evolve into a bearish trend: Since the rise from 64k to 99k, it has been led by American capital. Let's see their attitude in the evening.

3. Current: The buying signal is for diamond hands to strike (BTC returns to 96300+).