I can say very clearly This rebound starting from 65,000 is not driven by technical factors. Instead, it’s the market pricing influenced by the ceasefire agreement that led to a massive short squeeze, driving the sustained divergence rebound in price. Market liquidity has not fundamentally improved. It’s more about the liquidity game in the contract market, with shorts in the contract market being the biggest driving force this time. This morning, the latest round of U.S.-Iran negotiations has officially ended, and no agreement was reached— talks have collapsed. Whether there will be a new round of negotiations or when the next round might take place, there’s currently no news from the market. Thinking Bitcoin has already returned to a bull market is basically dreaming. We are still in a bear market phase. The bear market will remain the tone for a long time to come. Finally, I just want to say one thing: For any rebound during a bear market, it’s ‘The silkworm spins its silk until death.’