Bitcoin has fallen again, and key integer and moving average suppression positions are currently difficult to break through. The current market shows a situation of 'rigidity without death', which is also the most difficult for us: funds have not flowed out significantly, liquidity has not completely deteriorated, some support positions seem to have support, but often fall below them, and support becomes the result rather than a hypothetical premise. Bitcoin's entry into a "death" situation is sometimes not necessarily due to excessive blood loss, but rather due to a lack of water and thirst. This is somewhat similar to 2018, where no new narrative was found and no new liquidity was added. In this situation, proponents of the four-year cycle theory and those who seek the sword seem to have a logical consistency, while other investors face repeated verifications of their logic. One good way to enter this situation is to invest regularly and overcome short-term anxiety by extending the time; Another way is to be afraid of investing, not predicting the bottom, but waiting for panic investment opportunities to reduce the probability of losses with cost advantages. The short-term boost to the market from the financial reports of these two companies only reflects the fundamental strength of the market, but does not necessarily point to a long-term, continued upward trend. For Bitcoin, it will still follow its own pace.