Seeing the weekly report from Matrixport, there's a phrase that really resonated: $BTC has first broken below the long-term trend line, and the market is shifting from a single trend to a more complex pattern.

In fact, it means that the previous phase where just identifying the right direction could lead to profits might be temporarily over.

The current situation is a bit complicated. While interest rate cuts have been made, Powell's attitude remains vague, labor data is weakening, liquidity hasn't loosened, and retail investors haven't entered the market.

All these signals are mixed, making it quite difficult to judge.

The report finally emphasizes that the importance of position management and risk control has significantly increased.

I find this advice quite beneficial. At this stage, managing positions well can make oneself feel more at ease.