Recently, BTC's performance does not support a bullish outlook. Observing the main capital flow, there have been no obvious signs of large-scale accumulation in the past month, which is a key signal. The current strategy is to reduce positions rather than completely close them—maintain some holdings and wait for a rebound opportunity to gradually add to short positions. This phased approach can better adapt to market uncertainties. As long as the main force continues to show no signs of accumulation, the bearish outlook remains valid.