The structural pattern of BTC has become clear. Looking down from this position, I expect to see a fierce wave of up and down fluctuations—this is a typical liquidity harvesting phase. The market's operational logic at this time is no longer driven by a clean trend, but has shifted to whipsawing the holders.

The problem is that the macro background remains relatively weak. In such an environment, it doesn't make much sense to force a directional judgment. Instead of chasing highs or bottom fishing, it's better to watch the changes quietly and wait for clearer signals to emerge.