Correct analysis ≠ profitable trading. Looking back at the decline of Bitcoin this time, everyone can analyze it clearly: the expectation of interest rate cuts has been realized, the price structure has reversed, and the MACD death cross. It all sounds logical and impeccable. But when you actually start trading, you find that there are very few short opportunities that fit your strategy. Once you miss the limited entry points, forcing yourself to get in again has already deviated from the strategic framework. It is no longer trading, but just an emotion-driven gamble. To put it more bluntly, analysis only needs to focus on the results, while trading focuses more on the process. The analysis logic is self-consistent, but in the real market, it does not mean that an order will be placed. Why emphasize the difference between the two? Because this explains why there is a phenomenon of "full marks in theory, zero in practice"...