In terms of the 4-hour trend of Bitcoin, we are located below the MA200 moving average, which is somewhat similar to late January, when after the approval of the spot ETF, there was a typical sell news sell-off, and the price of Bitcoin has been below the MA200 moving average, which is the performance of the price relative to the bear market in the short term, and this wave of Bitcoin is also oversold, and there is some demand for a price rebound from the technical indicators, but the MA200 on the daily line is still at $44,000, which is very far away. The cost for short-term holders is around $57,500, which is likely to be the floor price in a bull market, and it will be difficult to approach or fall below this level.