Current callback depth and trend. If we want to compare with historical trends, the conditions are set relatively loosely, as we hope to have more data for reference. Approximately similar to eight historical time points, among which only one time point is when a sharp drop into a bear market is imminent within a month. Another time point is when it enters a bear market after more than a month. The remaining six continue to rise for at least a month before starting to consolidate, with the maximum rise lasting up to five months. If we continue to narrow the conditions, it currently resembles the situation in December 2021 and January. Therefore, I still continue to believe in the ongoing bull market. Of course, we still need to keep observing. If the trends in January and February really don't meet expectations, then just hold half of the BTC. For the 25-year market, according to my expectations, looking at the whole year, there should be no need to clear positions before the first half of the year.