The bear market is unimaginable, and the four-year halving rule remains unchanged. The halving will be completed on April 20, 2024, and historical patterns indicate a peak in the 18th month. In October 2025, it will indeed reach a peak of 126,200, perfectly fitting the cycle. This will then trigger a long-term drop lasting 12 months, with the low point locked in for October 2026. However, there will be consolidation at the bottom, making the best layout window from the end of 2026 to the beginning of 2027.

In terms of price, referring to the previous round's severe 77% retracement, this round's high point of 126,200 will be halved again, with the low point expected to be in the range of 30,000 to 60,000 USD. At that time, it will not only fall below the previous bull market high of 69,000 but may even break through 30,000. When the panic index drops to 10 at the end of 2026, along with the rhetoric that 'Bitcoin is dead' becoming rampant, it will be the time of universal panic and neglect. Meeting the threefold bottom of time, price, and emotion will be a 99% winning opportunity to go all-in. Hold onto your chips until 2029, with a target of 150,000 to 250,000 USD for further selling.