What is a cycle?

May I ask which stage we are currently in?

The BTC halving every four years will not change, forming a cyclical pattern of decline, recovery, increase, and prosperity in the cryptocurrency market.

First, it is important to distinguish between long cycles and short cycles; big cycles make big money while small cycles make small money. This distinction is crucial. If the operations are reversed, one may hesitate to enter during a big market rally and go all-in at the end of a small market, leading to chasing highs and cutting losses, resulting in paper wealth hanging in the balance or suffering on the mountaintop.

Secondly, it is essential to stay updated with market innovations and technological breakthroughs. For instance, Ethereum transitioned to POS in 2022, AI was launched for the first time at the beginning of 2023, inscriptions suddenly became popular, in 2024 Bitcoin ETF was approved, SOL and meme tokens emerged, and AI continued to gain momentum. In 2025, with Trump taking office and the Federal Reserve's interest rate decisions, this series of events conceals the size of the cycles and the code to wealth.

BTC surged today and then pulled back; let's continue to observe and wait.