After the spot products go live, the original market expectations have dissipated quite a bit. At this point, whether the price can continue to maintain its current level has become a concern. Do the bulls still have the confidence to keep pushing, or has this become a resistance level? From a trading logic perspective, the launch of spot products often brings liquidity supplementation, but it also means the realization of incremental capital expectations. In the short term, it is necessary to observe changes in trading volume and open interest data.