Looking back at the last bull market, we can understand the market's rhythm more clearly through several key price platforms.

First platform: $25,000. Bitcoin consolidated below this level for 9 months, and breaking through marked the official start of the bull market.

Second platform: $30,000. It went sideways for about half a year, never breaking below the previous platform's high point ($25,000), and after consolidation, the trend continued for about a month and a half.

Third platform: $50,000 (mainly around $45,000). It consolidated for 3 months, also not breaking below the previous platform's top ($30,000), and then rose again for a month and a half.

Fourth platform: $70,000. During an 8-month consolidation, it consistently held the crucial support at $50,000, and then continued to rise for a month and a half.

Fifth platform: $100,000. It went sideways here for 6 months, never breaking below $70,000, but the subsequent trend lasted a full 5 months, with a rhythm noticeably different from before.

During the first four platforms, my trading performance was very good. However, by the fifth platform, I began to clearly struggle and incurred significant losses. At that time, Bitcoin rebounded from $75,000 to $100,000 in just one month; based on my past experience, I judged that $100,000 might be the top. However, from May to October, Bitcoin slowly rose from $100,000 to $120,000 over 5 months, while Ethereum experienced a strong main wave during this period.

Now, Bitcoin has fallen below $100,000 and has not quickly recovered — the tops of the previous four platforms have not been broken. Considering the prolonged slow rise of the fifth platform over 5 months, as well as Ethereum completing its strongest supplementary rise during this time, this stage is likely to be a period of major distribution. #bnb