1. I believe the current market cycle is a time for focusing on the big picture. If you start assigning too much meaning to every short-term structure, you will quickly burn out and eventually find it difficult to execute high-probability trades. 2. At least based on the data I follow, major indicators that define the "market environment" are currently at levels close to the bottom compared to historical data. 3. While the "market environment" is important, what ultimately matters most is the intervention of the dominant players who capitalize on that environment. No matter how well the environment is prepared, it is meaningless without their intervention we have already witnessed this during the $80k–$90k range. That is precisely the characteristic of a bear market. 4. To reiterate, the market has had plenty of time since early March to build expectations and attach reasons for a bullish move. In this context, rebounds are occurring, and expectations are gradually amplifying. 5. I am simply observing the market to see whether this "bull trap" pattern will end after one or two occurrences, or whether it will repeat three or four times.(mignolet)