Looking at the market with the simplest mindset, there are only two major factions: the four-year cycle theory vs. the eternal bull market theory.

Last year at the peak of enthusiasm, the eternal bull market theory was collectively harvested!
This year at the height of panic, the four-year cycle theory will also be collectively harvested!
The ultimate goal of the big players behind the scenes has always been the same: maximize profits.
If Bitcoin is to become a store of value or even a national reserve asset, the key is to significantly reduce volatility and maintain a long-term upward trend without being broken.
I define the high point of the previous cycle as a healthy price boundary: it is also the critical level for the 50% retracement in this cycle.
This level is the equilibrium point of common interests for the bulls and is also a natural beauty in mathematics.
Referring to the chart of the cycle’s top performer Killa: around 50-60k, there are large order book hangings; every time a large number of orders appear below, it is the absolute bottom — this is where demand is the strongest!
We have already reached or are infinitely close to the bottom! #Gate广场四月发帖挑战 $BTC