Market Trend Analysis - The analysis suggests the Bitcoin bull market has ended and a bear market has begun [1][2] - The peak of the recent bull market was projected around October 6, 2025, with a Bitcoin price of $126,000 [1] Theoretical Framework - The "four-year cycle theory," driven by Bitcoin halving, is considered the most reliable cycle theory in the cryptocurrency space [1] - This theory divides a Bitcoin bull-bear cycle into four phases: "bull start," "halving," "bull end," and "bear market" [1] Cycle Dynamics - "Halving" events precede "bull start" phases, and follow "bull end" phases [1] - "Halving day" occurs during the "mid-section" of the overall bull market [1] - "Bull start" and "bull end" phases have approximately equal durations [1] - A one-year "bear market" follows the "bull end," preceding the next "halving day" and subsequent "bull start" [1]
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杀破狼 WolfyXBT·2025-10-22 13:32