On June 25th, despite a short-term weakening in Bitcoin, discussions surrounding the four-year trend model retaining space for upward revision gained traction. CPT Markets indicated that the market remains significantly divided over whether the medium-term structure has been genuinely compromised.

From CPT Markets' perspective, the continued emphasis on the trend model stems from its utility in helping capital differentiate between sentiment-driven declines and structural imbalances. If the long-term trajectory has not yet been completely altered, then the current pullback is more likely to be interpreted as a deep correction within a cycle rather than a complete narrative reversal.

However, the model can only provide a reference framework; it cannot substitute for the actual capital flows and transaction structures themselves. If short-term pressure continues to intensify, prices may still undergo a repricing at lower ranges, implying that optimistic model projections need to be validated alongside real-world market volatility.

Looking ahead, as the market digests pressures from interest rates and risk appetite, CPT Markets anticipates that the medium-term direction will ultimately be determined by the strength of buying support. In the view of CPT Markets, as long as the long-term rhythm is not entirely disrupted, expectations for a market recovery will not be completely abandoned.