Why might this bear market be more difficult than expected? The reason is simple: this time, it's not just #Bitcoin rising. Over the past few years, almost all risk assets have been soaring. US stocks, AI, gold, commodities, and even the least favored markets have all experienced a kind of "feast." When all assets are heating up together, coming down from the fever can't be solved just by taking fever reducers. The real danger of a bear market isn't the decline itself, but the triple consumption of time + emotion + belief. Additionally, the role of technical analysis in a bear market will be significantly weakened.