We only look at the multiple pressures at the technical level of Bitcoin: 1) The price has rebounded to the Fibonacci retracement level of 0.618, and there is significant pressure here to overcome this strong gravitational zone; 2) The price rebounded below the 200 day EMA moving average, unable to break through its suppression; 3) The daily trading volume is declining, and there is a divergence between volume and price, leading to a decline in bullish momentum; 4) During the 90 day oscillation period of the long position, there was no longer a decrease in the main and secondary positions, while the short position began to strengthen. We only look at the level of technical analysis, without considering on chain data, macroeconomics, and fundamentals. Bitcoin is already facing multiple pressures and obstacles, with multiple unfavorable technical indicators resonating. Those big Vs are still calling for a bull market return, and I don't know if their analysis is subjective or objective and rational. The bear market is still here, but the deep bear market has not yet arrived. And proceed with caution.