Looking back at the first peak of the last bull market, it occurred on April 14, 2021. That day coincided with the listing of COIN, and it was also the time when the big cake peaked in stages. After that, the 418 and 519 events occurred. Therefore, before this wave of good news has not been fully realized, according to historical trends, there is a high probability that the big cake will have a wave of high-level market, which may become everyone's last chance to reduce their positions. Especially those friends who have heavy positions and have not made profits in time can consider reducing their positions around the 20th of this month, because from the 20th to the end of the month, there may be a more rapid decline. At present, this is just a prediction. When the market is established, remember not to be greedy, make profits in time, and be cautious. It is expected that around the Spring Festival, that is, around the 28th, the big cake may enter an adjustment period. After the Spring Festival, that is, in early February, consider entering the market to buy at the bottom, and strive to catch the last wave of gains in 2025.