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History will not repeat itself but will be very similar. Looking back, after the decline on January 17, 2020, it started to rebound and oscillate. On March 28, 2023, it reached a high of 48,200 before entering a major bear market. Then, on November 17, 2025, there was a bearish candle indicating a stop in the decline, followed by a rebound and consolidation oscillation. Bitcoin is very likely to enter a prolonged consolidation phase before moving into a major bear market. The large-scale trend has not reversed; do not be fooled by the rebound. Small-scale rebounds are normal. The upper gap is the Bitcoin futures gap in the 92,900-93,700 range. It is believed that the gap will be filled later, after which a major bear market will follow📉. Tonight, I will analyze and interpret the future trend through a screen recording.