Recently, the crypto fund management company EMC Labs released the January 2024 report "Solve the Problem and Start the Bull Market." The report pointed out: EMC Labs used the data before the previous three production cuts to conclude that the rebound high point of BTC during the repair period before the start of the bull market was three times the bottom price. Compared with the past, after the rebound price tripled, there would be a round of currency price correction before the production reduction. The reason for this phenomenon may be that people entered into speculation before the production reduction, and sold to lock in profits before the production reduction actually occurred. Compared with the previous two times, the magnitude and time of the current callback are lacking. Whether a sharp retracement massacre will occur before the BTC halving is worthy of vigilance.