I still hold my own view that the four-year cycle remains unchanged. Don't easily assume that certain events will alter BTC's cyclical destiny. Of course, this is not absolute, but the notion that cyclical breaks happen all the time makes me think the possibility is too low. From any perspective, I believe all current positive factors are merely maintaining the price at a high level to allow “whales” to unload better; I still maintain a bearish outlook! And I want to reiterate that Bitcoin is an independent market. It doesn't actually need to follow other markets. Looking back at history, you will find:

Sometimes Bitcoin rises together with gold, sometimes it moves in the opposite direction

Sometimes Bitcoin rises along with the US stock market, sometimes it moves opposite

Sometimes Bitcoin rises due to war sentiment, sometimes it moves opposite to war sentiment

BTC is independent and always maintains high volatility. It is precisely because of its high volatility and some less predictable situations that traditional market participants are gradually entering the game

I believe the 【bear market】 trend has not changed. At least for the next 6-10 months, the overall risk of decline far exceeds the risk of rise.