Crypto analyst PlanB, writing on the X platform, stated that Bitcoin's price closed at $78,635 in January, a drop of approximately 38% from its all-time high. Currently, Bitcoin's 200-week moving average is around $58,000, while the realized price is around $55,000 and trending downwards. Simultaneously, the RSI has fallen below 50, entering the "bear market zone" defined by his model. Historically, Bitcoin may retrace to the 200-week moving average or near the realized price during bear markets. However, he also pointed out that the momentum of this bull market is relatively weak, with no strong topping signals appearing; therefore, the subsequent bear market retracement may be relatively limited.