After Bitcoin reached a high of $100,000, it entered a correction mode, leaving many investors confused and torn, speculating whether this is just a brief pause in a bull market or if the market has already reached its end.

First, let's analyze the key factor of Bitcoin's halving mechanism. It is well-known that Bitcoin's production halves every four years, and based on historical data, after the previous halvings, the market usually sees a true price peak about one to one and a half years later. According to this timeline, the end of 2025 to early 2026 is more likely to be the peak moment for the market, and the current correction seems more like a halftime break. Additionally, if we compare the magnitude of the correction, this time it has only dropped by 30%, whereas looking back at 2017 and 2021, Bitcoin experienced significant corrections of 45% and 53%, respectively; in contrast, the current correction is not considered exaggerated. Furthermore, the cost line for miners is currently around $78,000, and if the price really falls to this level.