I. First, anchor the core premise of Bitcoin's Dow Theory (adapted to the high volatility characteristics of cryptocurrencies)
1. Bitcoin trends are divided into three levels: primary trend (long-term bull or bear, several months to several years), secondary trend (corrections/rebounds within the major trend, several weeks to several months), and short-term trend (intra-day/several days fluctuations, can be ignored); Dow Theory focuses only on the first two levels for buy and sell points.
2. Bitcoin does not have a unified transaction volume standard; use the total network transaction volume + main contract open interest to verify the trend and avoid misleading by a single volume.
3. Trends must be confirmed by highs and lows + volume simultaneously; a single candlestick breakout is invalid.