Not necessarily... For example, in this cycle, after Bitcoin broke through the high of the last bull market, the market began a months-long wave decline... In the last cycle, Bitcoin broke through the previous round of highs and shuffled for a short time, and the market began to attack. Whether the market rises or falls after breaking through an all-time high does not depend on the breakout itself, but on the stage of the market itself.

For example, in the last cycle, before Bitcoin broke through its new high, the vast majority of cryptocurrencies in the market experienced a significant decline, and then began to climb from the bottom, encountering Bitcoin's breakthrough of its historical high; whereas in this cycle, when Bitcoin broke through its historical high, the overall market had already experienced several months of growth. The state of the market is completely different. The core issue is not about reaching a new high, but rather what stage the market itself is in.