Following last month's analysis, the bullish main force failed to continue to increase its positions this month (Figure 1). Considering that the price has not fallen, it is estimated that this is the end of the story. The level of the rise is comparable to that of September 2024 and April 2025 (Figure 2). There is still no problem in this wave of new highs. The slow bull market structure is huge, which will make it last for a very long time, spanning three years.