On February 27, CryptoQuant CEO KiYoungJu posted on social media saying that indicators on the Bitcoin chain show that it is currently at a critical point between a bull market and a bear market. I expected this to be the longest bull market in history, but I could be wrong. We need to wait at least another month for data to confirm whether we have entered a bear market. If demand does not recover, indicators may fully show a downward trend. Based on a typical cycle, the bull market should last until April 2025-I mentioned this in May 2024. The next month or two will be a key turning point for the Bitcoin market. If every indicator confirms a downward trend, I will admit that I was wrong and publish relevant content. But as I said before, I think the probability of Bitcoin falling below $77,000 is low. Even in the worst-case scenario, I think Bitcoin will consolidate for a few months at around $77,000 before recovering again. I don't think it's a good choice to make leveraged directional bets with heavy positions now-whether long or short.