In the past bull market's first phase, Bitcoin stood out on its own. In the second phase, old antiques became mainstream, and public chains took off. In the third phase, various sectors soared. It now seems we are in the second phase. 100,000 can be seen as a historical level of significance; we still need to patiently wait for further developments. However, don't short the market; Bitcoin is currently too strong, and all downward indicators are being digested in a sideways manner.