BTC ETH I would like to add another basis that I believe is currently in the early stages of the bear's growth. If your viewpoint is consistent with mine, it can be used as a reference. If there is a disagreement, please ignore my viewpoint: Through retrospective analysis, from a divine perspective, it can be inferred that the last bull market was distributed from February 2011 to November 2011, spanning approximately 280 days; The specific process was in February 2011, when it first touched the vicinity of 60000 yuan and remained stable at a high level for three months. Then, the 519 super news surface appeared, causing the market to drop directly to 28000 yuan. Later, there was news of Tesla buying Bitcoin, which rebounded all the way to the front high and slightly broke through it. The entire upward process took three months, and the second time it was stable at a high level for a month and a half. Finally, after November, it began to bear market, and the whole process lasted for more than nine months; The distribution time of this bull market can be temporarily understood as December 2024 to October 2025, after about 300 days, it is currently happening, and we do not have a God's perspective here, we can only assume; The specific process is that in December 2024, it first touched 100000 yuan and remained at a high level for more than two months. Then, news of Trump's self-directed and staged China US trade war appeared, causing the pie to fall back to 75000 yuan. Later, the trade war eased, and the pie rebounded to near the previous high and broke through to 126000 yuan. The entire upward process also took three months, but the difference is that the second time it consolidated at a high level for three months, and finally started a downward trend in October, which lasted for 11 months; At present, the cycle of the previous bull market distributing above 50000 and the cycle of this bull market distributing above 100000 are extremely similar. The behavior of the main force in the short-term may be biased, but in terms of large cycles, the behavior of the main force in trading is traceable;