My outlook on Bitcoin remains unchanged; it's still too early to say the bull market is over! From a macro perspective: Trump's new policies haven't started yet, and the Federal Reserve has just begun easing!

In 2026, with Trump's new policies supporting the crypto space, a new Trump-appointed Fed chair implementing consecutive rate cuts along with aggressive monetary easing, it's not impossible to see new highs! The past two months could be considered a technical bear market, a violent market shakeout! In reality, Bitcoin's price hasn't reached the levels where big institutions accumulated their positions—it's still within the safety zone!

In this bull run, the major holdings are in the hands of large institutions like BlackRock ETFs and MicroStrategy. Unless they experience a crisis and are forced to liquidate their holdings, it's unlikely for the price to drop back to very low levels! They've mobilized national resources to develop this, so the odds of it ending as a joke are extremely low! The downside is limited; at most, we might see some bottom-range consolidation for a while, but the overall trend is still upward!